Gold Rises Again
Gold rose on Wednesday as investors bought the dip after a decline in the previous session, while the market awaited the minutes of the Federal Reserve's latest policy meeting and economic data for insight into the outlook for U.S. interest rates.
Spot gold rose 0.6% to $3,320.58 an ounce, as of 0853 GMT. Bullion fell below the $3,300 level and hit a low of $3,285.19 in the previous session.
RECOMMENDATION
- Buy if price moves to $3,331
- Sell if price moves to $3,317
Resistance 2: $3,345
Resistance 1: $3,338
Support 1: $3,310
Support 2: $3,303
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