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Indonesia News Portal for Traders | Financial & Business Updates

19 November 2024 21:29  |

Gold Creates Red Line

Gold prices are in the $2625 area after touching the $2639 area today.

The precious metal is stable amid concerns about rising geopolitical tensions as Russian President Vladimir Putin approved a revision of the country's nuclear policy. The move has raised fears of a nuclear war, prompting investors to turn to safe haven assets such as Gold.

Recommendations:

- Buy if the price moves at least at the $2630 level

- Sell if the price moves at least around the $2620 level

Resistance Level 2: $2637

Resistance Level 1: $2630

 

Support Level 1: $2620

Support Level 2: $2613

DISCLAIMER

Note: This article is only an analysis and not a definite reference. Keep paying attention to developments in fundamental and technical aspects in transactions before making investment decisions.

Source: newsmaker.id

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