Gold Prices Weaken Slightly
Gold prices weakened slightly as the dollar strengthened. Gold, which had previously strengthened to touch its highest level of the day at $2633, weakened again, pressured by the strength of the greenback.
The US dollar remained below its two-year high reached on Friday and turned out to be the main factor acting as a barrier to the metal's rise. In addition, low trading volumes due to the Christmas holiday further reduced movement in the market.
The current gold price is at $2617 per troy ounce.
RECOMMENDATION
- Buy if the price moves to a minimum of $2622
- Sell if the price moves to a minimum of around $2612
Resistance Level 2: $2633
Resistance Level 1: $2624
Support Level 1: $2606
Support Level 2: $2593
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