Gold Still Moving Positive In Europe
Gold (XAU/USD) prices attracted some dip-buying following the previous day’s decline from the $2,665 resistance zone, albeit lacked any follow-through or bullish conviction.
The US Dollar (USD) bulls turned cautious and preferred to wait for the release of the FOMC Meeting Minutes before placing fresh bets.
Additionally, uncertainty surrounding US President-elect Donald Trump’s tariff plans, trade war fears, geopolitical tensions, and a softer risk tone turned out to be key factors that acted as a tailwind for the safe-haven bullion.
RECOMMENDATIONS
- Buy if price moves above $2,656
- Sell if price moves above $2,646
Resistance Level 2: $2,670
Resistance Level 1: $2,663
Support Level 1: $2,639
Support Level 2: $2,632
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