Gold again started its strength
The price of gold shifted to the $ 2600 area tonight, after having declined steep to the level of $ 2523 after the US presidential election.
Goldman Sachs Group Inc. Reaffirming the estimated price will rise to $ 3,000 per ounce at the end of next year, with analysts advising investors to "find gold." The bank includes speculation in gold bars among its top commodity choices for 2025 related to the trimming of the Fed's interest rates, the central bank continues to buy precious metals and Trump holds the position of the President.
Recommendation:
- Buy if the minimum price moves at the level of $ 2609
- Sell if the minimum price is around the level of $ 2599
Resistance Level 2: $ 2614
Resistance Level 1: $ 2609
Support Level 1: $ 2599
Support Level 2: $ 2594
Disclaimer
Note: This paper is only an analysis not as a definite reference. Still pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id