Gold Steady at Positive Levels!
Gold tends to hold above 4,600 due to support from a weaker dollar and the need for hedging during times of heightened uncertainty. A weaker dollar makes gold more affordable for non-dollar buyers, helping to withstand corrections.
However, upside room is often limited when the market expects interest rates and yields to remain high for longer, as gold does not yield. The next direction will be determined primarily by dollar movements, yields (especially real yields), and central bank policy expectations. (asd)
Gold Price at the Time of Release of This Analysis is at $4,631
- Buy if the price moves to $4,636
- Sell if the price moves to $4,605
Resistance 2: $4,663
Resistance 1: $4,650
Support 1: $4,585
Support 2: $4,573
Caution: This article is analytical in nature and is not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id
