Gold Prices Move Limited
Newsmaker.id - Gold prices moved limitedly in Asian trading on Friday (July 10th), after posting a gain of more than 1% in the previous session. XAU/USD traded around US$4,120 per troy ounce, weakening slightly as investors began to take profits following Thursday's price surge.
In the previous session, spot gold jumped 1.3% to US$4,130.58 per troy ounce. This gain was driven by buying at low prices and increased demand for safe-haven assets following the renewed escalation of tensions between the United States and Iran.
Gold Price at the Time of This Analysis' Release: $4,124
- Buy if the price moves to $4,115
- Sell if the price moves to $4,135
Resistance 2: $4,155
Resistance 1: $4,143
Support 1: $4,115
Support 2: $4,105
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
(CP)