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