Gold Prices Start 2025 With Gain in Asian Session
Gold prices strengthened in the Asian session to start 2025, the increase was driven by the attack carried out by Israel on Gaza. The increase in gold also occurred amid the strengthening of the US dollar index today.
Expectations for gold to continue to rise for 2025 with the encouragement obtained from geopolitical risks and expectations of increasing government debt due to deep fiscal deficits under the Trump administration, although there are potential challenges from slower Fed interest rate cuts and a strengthening US dollar.
RECOMMENDATION
- Buy if the price moves to around $ 2638
- Sell if the price moves to around $ 2628
Resistance Level 2: $ 2659
Resistance Level 1: $ 2646
Support Level 1: $ 2625
Support Level 2: $ 2613
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