Gold Stable Again After Touching ATH Again
Gold prices stabilized again in Asian trading on Thursday (3/20) after setting a new high at $3,056, amid rising expectations of a US interest rate cut at the next meeting, as well as rising demand for safe havens following geopolitical concerns and global economic growth.
Meanwhile, tensions are rising in the Middle East between Israel and Hamas and Yemen as the US continues to pound Houthi positions in the Red Sea.
RECOMMENDATION
- Buy if the price moves to $3,054
- Sell if the price moves to $3,044
Resistance Level 2: $3,067
Resistance Level 1: $3,060
Support Level 1: $3,038
Support Level 2: $3,031
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