Gold Holds Positive Area
Gold prices rose near their highest levels on Monday during the Asian session (6/16), driven by safe haven demand as geopolitical tensions escalate in the Middle East following Israel's massive attack on Iran.
On Sunday night, Iran and Israel launched around 100 drones into Israeli territory in retaliation. The escalating tensions add another layer of market uncertainty, following US President Donald Trump's trade policy.
RECOMMENDATION
- Buy if price breaks above $3,438
- Sell if price breaks above $3,428
Resistance 2: $3,443
Resistance 1: $3,438
Support 1: $3,428
Support 2: $3,423
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