Gold Holding ground amid Geopolitical tensions.
NEWS
Gold falls in early Asian trade amid a possible technical correction after the precious metal rose for a fifth straight week on Friday. Based on a macro framework incorporating bond yields and corporate spreads, however, gold is entering a friendly environment of lower yields, wavering spreads and continued elevated equity-bond correlations, the World Gold Council says in commentary.
LEVEL’S
Current Price: 2658
Bearish Scenario: If GOLD Falls Below $2650
Potential Support Levels:
* $2645
* $2640
•$2635
Bullish Scenario: If GOLD Sustains Above $2665
Potential Targets:
* $2670
* $2675
* $2685
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