Gold Steady In Asian Session
Gold prices fell on Thursday as investors took a breather following the Federal Reserve’s (Fed) latest monetary policy decision and escalating hostilities in the Middle East. XAU/USD was trading at $3,042, down more than 0.19%.
Market sentiment turned negative, while the greenback showed a recovery as depicted by the US Dollar Index (DXY), which tracks a basket of six currencies against the greenback.
RECOMMENDATION
- Buy if price moves to $3,052
- Sell if price moves to $3,038
Resistance Level 2: $3,066
Resistance Level 1: $3,059
Support Level 1: $3,031
Support Level 2: $3,024
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