Gold Still Has Potential to Strengthen
Gold's rally has eased slightly after hitting a new record high. However, the precious metal remains on track for a ninth consecutive week of gains thanks to a pro-risk-off fundamental backdrop.
US-China trade tensions, geopolitical uncertainty, and the prolonged US government shutdown are keeping inflows into safer assets.
At the time of writing, Gold Price was at $4,339
- Buy if the price moves within $4,333
- Sell if the price moves within $4,345
Resistance 2: $4,355
Resistance 1: $4,348
Support 1: $4,330
Support 2: $4,322
Disclaimer: This article is analytical and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id