Gold Steady at $2617 in Asia
Gold (XAU/USD) prices traded above $2610 per troy ounce on Tuesday (12/24) amid pre-holiday trading.
Meanwhile, market players continue to assess the Federal Reserve's outlook for 2025, factoring in a slower pace of interest rate hikes in 2025 after the Fed signaled fewer tapering.
The gold price when this news was released was at $2617/Toz.
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 of the transaction before making investment decisions.
Source: Newsmaker.id