Gold Rises as Geopolitical Risks Rise
Gold prices rose for a third straight session on Wednesday (5/21) as geopolitical risks rose following a report that Israel planned to strike Iran’s nuclear facilities while the dollar weakened.
Israel is preparing to strike Iran’s nuclear infrastructure, CNN reported Tuesday, citing US intelligence officials. The report noted that officials did not know whether Israel had made a final decision to go ahead with the strikes, which could further destabilize the volatile Middle East.
RECOMMENDATIONS
- Buy if price moves to $3,319
- Sell if price moves to $3,304
Resistance 2: $3,333
Resistance 1: $3,326
Support 1: $3,297
Support 2: $3,290
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