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Indonesia News Portal for Traders | Financial & Business Updates

21 November 2024 14:25  |

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

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