Gold Prices Rise After US Data Release
Gold prices rose above $2,998 per ounce after Retail Sales data was released. This is supported by increasingly heated Geopolitical factors, Trump Tariffs and weak US Retail Sales data results, which can lift Gold price movements up.
New geopolitical risks pushed gold bullion prices up after the US said it would continue its attacks on Yemen's Houthis until they stopped attacks on shipping in the Red Sea.
RECOMMENDATION
- Buy if the price moves to $3004
- Sell if the price moves to $2994
Resistance Level 2: $3009
Resistance Level 1: $3004
Support Level 1: $2994
Support Level 2: $2989
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