Slow But Sure Gold Direction!
Gold prices continued their rise in early Asian session on Wednesday (05/22) when this news was released gold prices moved in the area of $ 3322 this was accompanied by several fundamental factors as investors likely shifted from government bonds to precious metals. Global bond markets are shaky, with traditional safe haven assets such as gold strengthening.
There are also growing concerns over the US fiscal outlook "If all else is equal, that means higher demand for haven assets," Razaqzada added. Spot gold rose 0.1% to $ 3,321.35 / oz.
RECOMMENDATION
- Buy if price moves to $3,332
- Sell if price moves to $3,312
Resistance 2: $3,342
Resistance 1: $3,332
Support 1: $3,312
Support 2: $3,302
Note: This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id