Gold Returns to Positive Note!
Gold prices rose sharply on Monday (June 15th), supported by a weakening US dollar after the US and Iran reached a preliminary agreement to de-escalate the war and reopen the Strait of Hormuz.
Although geopolitical risks have begun to recede, gold remains supported by market uncertainty. If the agreement goes smoothly, gold's gains could be limited, but new obstacles could rekindle safe-haven demand. (asd)
Gold Price at the Time of This Analysis' Release: $4,329
- Buy if the price moves to $4,337
- Sell if the price moves to $4,324
Resistance 2: $4,350
Resistance 1: $4,336
Support 1: $4,318
Support 2: $4,303
Note: 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