Why is gold strengthening?
Gold prices rose on Monday (July 21st), supported by a weaker dollar as investors monitored developments in US trade talks and awaited potential market-moving catalysts, including the Federal Reserve's policy meeting scheduled for next week.
As of this writing, gold prices were at $3,365.
Recommendation:
Buy if the price breaks above $3,360
Sell if the price breaks below $3,373
Resistance 2: $3,380
Resistance 1: $3,373
Support 1: $3,358
Support 2: $3,350
Note: This article is intended for analysis and is not intended as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: Newsmaker.id