Gold Strengthens, Rally Remains Limited
Gold prices maintained moderate intraday gains throughout the early European session on Friday, amid mixed fundamental signals.
Geopolitical tensions fueled by the escalating Russia-Ukraine war and the ongoing conflict in the Middle East continued to support this safe-haven precious metal.
However, the recovery of the US Dollar (USD) post-FOMC limited any significant appreciation in this commodity.
The gold price at the time of writing was $3655
- Buy if the price moves within the $3661 range
- Sell if the price moves within the $3649 range
Resistance 2: $3676
Resistance 1: $3668
Support 1: $3642
Support 2: $3643
Disclaimer:
This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id