Gold Fell To Below $ 2,625 Per Ounce
Gold fell to below $ 2,625 per ounce on Monday after a five-session rally, as investors sought profit-taking and turned to risker assets after Donald Trump's nominated hedge fund manager Scott Bessent to lead the U.S.Treasury. Bessent advocated a phased introduction of trade restrictions and signaled willingness to negotiate tariff levels supported by the incoming president
Gold is currently trading at $ 2,617 or down around 1.1%
RECOMMENDATION
- Buy if the price moves at least at the $ 2,605 level
- Sell if the price is at least around the $ 2,625 level
Resistance Level 2: $ 2,635
Resistance Level 1: $ 2,625
Support Level 1: $ 2,605
Support Level 2: $ 2,595
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Keep an eye on the development of fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id