Gold Seeks New Direction!
Gold held around $4,722/oz as US-Iran tensions in the Strait of Hormuz fueled concerns about energy supply disruptions that could keep inflation high.
However, gold's upside is still being held back by the US dollar and relatively high yields; the market is now watching Hormuz headlines, oil movements, and US NFP data for further direction. (asd)
Gold Price at the Time of This Analysis' Release: $4,724
- Buy if the price moves to $4,727
- Sell if the price moves to $4,683
Resistance 2: $4,789
Resistance 1: $4,745
Support 1: $4,657
Support 2: $4,613
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