Gold Steady In Asian Session
Gold rose above $2,980 an ounce on Monday (03/17), holding near a record level, amid strong safe-haven demand.
Fresh geopolitical risks boosted bullion prices after the U.S. said it would continue its offensive against Yemen's Houthis until they stop attacks on shipping in the Red Sea.
In addition, concerns over an escalating trade war, sparked by a tariff exchange between the U.S. and its major trading partners, further strengthened gold's appeal as a safe haven.
RECOMMENDATIONS
- Buy if price moves to $2,993
- Sell if price moves to $2,979
Resistance Level 2: $3,008
Resistance Level 1: $3,001
Support Level 1: $2,971
Support Level 2: $2,964
Note:
This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id