Gold Steady in Quiet Trading
Gold (XAU/USD) prices recovered recent losses from the previous session, despite lower trading volumes on Monday (12/30) than usual ahead of the New Year holiday.
Safe-haven Gold gained support as markets anticipated signals about the United States (US) economy under the incoming Trump administration and the Federal Reserve (Fed) interest rate outlook for 2025.
Safe-haven demand for the yellow metal could increase as potential tariffs and trade policies by the incoming Trump administration, which could trigger trade conflicts, boost risk-off sentiment.
RECOMMENDATION
- Buy if price moves to around $2,619
- Sell if price moves to around $2,605
Resistance Level 2: $2,629
Resistance Level 1: $2,624
Support Level 1: $2,600
Support Level 2: $2,595
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