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