Gold Rises at the Start of the Week
Gold rose after falling 2% last week, with the price hovering around $3,309 at the time of this report. It tends to rise as rising geopolitical and trade tensions revive demand for safe haven assets.
Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest offensives on Kyiv, ahead of key peace talks this week.
RECOMMENDATIONS
- Buy if price breaks above $3,319
- Sell if price breaks above $3,299
Resistance 2: $3,329
Resistance 1: $3,319
Support 1: $3,299
Support 2: $3,289
Note: This article is for analytical purposes only and is not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id