Gold Strong Above $4,100
Gold is currently showing signs of support around the psychological level of US$4,100 per troy ounce after weakening for two weeks. Dip buying is starting to emerge, while silver also rallied sharply, rising more than 4% on Tuesday.
Tensions between the United States and Iran remain a major concern after the two countries exchanged attacks for the tenth day. Although mediators continue to try to reopen negotiations, oil prices have risen again as supply risks in the Middle East have not subsided.
Gold price at the time of this analysis: $4,131
- Buy if the price moves to $4,136
- Sell if the price moves to $4,126
Resistance 2: $4,150
Resistance 1: $4,138
Support 1: $4,122
Support 2: $4,114
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