Gold Rises After Dollar Weakens
Gold rose throughout the early European session on Monday (03/03) as the dollar weakened and demand for safe-haven assets increased. Gold futures rose 1.1% as geopolitical concerns increased as hopes for a short-term peace deal between Russia and Ukraine faded, increasing the appeal of safe-haven assets.
RECOMMENDATIONS
- Buy if price moves to $2,873
- Sell if price moves to $2,863
Resistance Level 2: $2,887
Resistance Level 1: $2,880
Support Level 1: $2,856
Support Level 2: $2,849
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