Is Gold Still Moving Positive This Week?
Gold is steady after surging the most in 20 months last week as the escalation of the Russia-Ukraine war boosted demand for safe haven assets.
Bullion is trading near $2,720 an ounce after jumping 6% last week as the conflict entered a dangerous new phase. President Vladimir Putin said his forces may use new missiles again after targeting Ukraine in retaliation for Kyiv's use of American and British weapons on Russian territory.
RECOMMENDATIONS
- Buy if the price moves at least at $2,706
- Sell if the price moves at least around $2,696
Resistance Level 2: $2,720
Resistance Level 1: $2,713
Support Level 1: $2,689
Support Level 2: $2,682
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Always pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.
Sumber: newsmaker.id