Gold Prices Reapproach Highs
Gold prices (XAU/USD) remained in the $2,660 area on Thursday (9/1) and approached a four-week high reached the previous day. Cautious market sentiment, geopolitical risks, and concerns about US President-elect Donald Trump's tariff plans turned out to be the main factors supporting the safe-haven commodity.
Furthermore, the move to safe assets triggered a modest decline in US Treasury bond yields and drove some flows towards the precious metal for the third straight day.
RECOMMENDATION
- Buy if the price moves to around $2,668
- Sell if the price moves to around $2,658
Resistance Level 2: $2,682
Resistance Level 1: $2,675
Support Level 1: $2,651
Support Level 2: $2,644
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