Gold Confused by Many Factors!
Gold traded steadily around $4,530 per session in Asia on Friday (May 22nd) as the market awaited developments between the US and Iran. Investors were cautious as conflicting news made it difficult to assess whether an agreement would be reached soon.
Rising energy prices and the possibility of higher interest rates also weighed on gold. Nevertheless, this precious metal remains a safe haven for investors seeking a safe haven during times of heightened geopolitical tensions. (asd)
Gold Price at the Time of This Analysis' Release: $4,531
- Buy if the price moves to $4,537
- Sell if the price moves to $4,525
Resistance 2: $4,549
Resistance 1: $4,543
Support 1: $4,519
Support 2: $4,513
Note: 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