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Indonesia News Portal for Traders | Financial & Business Updates

10 January 2025 15:41  |

Gold Prices Still Moving Positively

Gold (XAU/USD) prices continued their uptrend for the fourth straight day and rose to a four-week peak, around the $2,678-2,679 area during the early European session on Friday (10/1).

Ongoing geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war and a generally weaker risk tone, turned out to be key factors supporting the precious metal as a safe haven.

RECOMMENDATION

- Buy if the price moves to around $2,682

- Sell if the price moves to around $2,672

Resistance Level 2: $2,696

Resistance Level 1: $2,689

 

Support Level 1: $2,665

Support Level 2: $2,658

DISCLAIMER

Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in trading before making investment decisions.

Source: Newsmaker.id

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