Gold Rises on Safe Haven Demand
Gold prices rose on Monday (5/19) as the dollar weakened and trade concerns resurfaced, following U.S. Treasury Secretary Scott Bessent's reaffirmation of President Donald Trump's tariff threats, fueling safe haven demand.
RECOMMENDATIONS
- Buy if price moves to $3,251
- Sell if price moves to $3,237
Resistance 2: $3,265
Resistance 1: $3,258
Support 1: $3,230
Support 2: $3,223
Note: This article is analysis only and is not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id