Gold Steady in the $2620s Area in Small Trading Volume
Gold moved steadily in the $2620s area amid small trading volumes due to the holidays that have begun in several world markets. Gold itself opened with slight gains after previously closing with a decline.
Gold is heading for one of its biggest annual gains this century, with a 27% increase driven by US monetary easing, ongoing geopolitical risks, and a wave of central bank purchases.
RECOMMENDATION
- Buy if the price moves to around $2,626
- Sell if the price moves to around $2,616
Resistance Level 2: $2,636
Resistance Level 1: $2,627
Support Level 1: $2,615
Support Level 2: $2,606
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id