Gold Strengthens for Fourth Day
Gold prices (XAU/USD) rose for the fourth day on Thursday (11/21), with the increase supported by demand for safe haven assets.
Meanwhile, market players await further clarity on the policies proposed by US President-elect Donald Trump and try to estimate the prospect of less aggressive interest rate cuts from the Federal Reserve.
Gold prices are at the level of $2660/ Toz.
Recommendations:
- Buy if the price moves at least at the level of $2667
- Sell if the price is at least around the level of $2653
Resistance Level 2: $2677
Resistance Level 1: $2672
Support Level 1: $2648
Support Level 2: $2643
DISCLAIMER
Note: This article is only an analysis and not a definite reference. Always pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id