Gold Shines Again!
Gold's fundamentals are positive today, supported by a weakening US dollar and falling oil prices following signs of US-Iran de-escalation. This has eased inflation concerns and given gold room to strengthen.
However, gold's gains could remain limited as the market awaits US economic data and the direction of the Fed's policy. As long as the dollar remains weak, gold has the potential to remain strong. (asd)
Gold Price at the Time of Release of This Analysis: $4,645
- Buy if the price moves to $4,655
- Sell if the price moves to $4,632
Resistance 2: $4,673
Resistance 1: $4,662
Support 1: $4,622
Support 2: $4,612
Caution: This article is analytical in nature and not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id