Gold Prices Steady Ahead of US Data
Gold steadied after rallying as traders shifted focus to a key US inflation report due later this week that could shape expectations ahead of the Federal Reserve’s final interest rate decision of the year.
Bullion prices held near $2,660 an ounce — near a two-week high — after China’s central bank added the precious metal to its reserves for the first time in seven months.
Geopolitical concerns also fueled demand for safe-haven assets amid fears of a power vacuum in Syria after Bashar al-Assad was ousted from power over the weekend.
RECOMMENDATION
- Buy if price moves to at least $2,670
- Sell if price moves to at least around $2,660
Resistance Level 2: $2,684
Resistance Level 1: $2,677
Support Level 1: $2,653
Support Level 2: $2,646
DISCLAIMER
Note: This article is only an analysis and is not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id