Gold Good Post-ETF
Gold bullion prices rose on Monday (2/24), surpassing the previous peak set on Thursday, before paring gains. Prices have risen for the past eight weeks, the longest streak since 2020. Gold-backed ETFs saw their biggest net inflows since 2022 last week.
Growing concerns over disruptive trade and President Trump's geopolitical agenda have boosted demand for gold as a safe-haven asset.
RECOMMENDATION
- Buy if price moves to $2,947
- Sell if price moves to $2,937
Resistance Level 2: $2,961
Resistance Level 1: $2,954
Support Level 1: $2,930
Support Level 2: $2,923
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id