Gold Steady in Early Asian Session
Gold prices are steady in holiday-thinned trade as markets digest the Federal Reserve meeting results and the Middle East conflict. Israel and Iran continue to trade barbs, with Trump saying he will decide on a US strike on Iran “within two weeks.”
The safe-haven metal is trading in a tight range amid lower volumes, but the underlying risks remain real, says Tammy Da Costa at FXStreet.
Fundamentally, gold prices are still supported by several factors, the escalating geopolitical tensions between Iran and Israel, and Trump’s Tariff Uncertainty
RECOMMENDATION
- Buy if price breaks above $3,371
- Sell if price breaks above $3,361
Resistance 2: $3,381
Resistance 1: $3,371
Support 1: $3,361
Support 2: $3.51
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