Gold Prices Steady in the $2632 Area
Gold prices were steady on Wednesday (11/27) during the Asian trading session, boosted by a ceasefire agreement in the Middle East that weakened demand for safe haven assets, and investors awaited US economic data that would provide clues on the Federal Reserve's interest rate path.
Gold prices are still up more than 25% this year on US monetary policy easing and rising geopolitical risks, but have been hit by a stronger dollar this month following Donald Trump's election victory.
RECOMMENDATION
- Buy if the price moves at least to $2,637
- Sell if the price moves at least around $2,627
Resistance Level 2: $2,644
Resistance Level 1: $2,637
Support Level 1: $2,627
Support Level 2: $2,620
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id