Gold Slightly Pressured Ahead of CPI Data
Gold (XAU/USD) prices extended its weekly uptrend for the third straight day on Wednesday and climbed to a two-and-a-half-week high during the Asian session. The commodity now looks to extend its momentum beyond the $2,700 mark and remains well supported by a combination of factors. Geopolitical risks stemming from the escalating Russia-Ukraine war and tensions in the Middle East, along with concerns over US President-elect Donald Trump’s tariff plans, continue to boost safe-haven demand. Until this News Released Gold Prices Were at Level: $ 2,683
RECOMMENDATION
- Buy if the price moves at least to $ 2,670
- Sell if the price moves at least around $ 2,700
Resistance Level 2: $ 2,715
Resistance Level 1: $ 2,700
Support Level 1: $ 2,670
Support Level 2: $ 2,655
DISCLAIME
Note: This article is only an analysis and not a definitive reference, Observe the development of fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id