Gold Prices Await a Big Moment, Sharp Rise or Freefall?
Gold remains supported by growing market expectations for monetary policy easing by the Federal Reserve, as investors doubt whether the data released after the government shutdown will support the economy. With US interest rates potentially falling, the opportunity cost of holding non-yielding gold becomes lower. Furthermore, demand from central banks and investors as a hedge against geopolitical risks is also driving gold's advantage.
However, the downside is also real: a stable or strengthening US dollar and rising bond yields will diminish gold's appeal. If US economic data improves and the Fed adopts a hawkish stance, gold could face challenges. This situation puts gold in a "waiting for a signal" position, so its movement today tends to be cautious. (
At the time of this analysis's release, the gold price was at $4,232.
Buy if the price is in the $4,237 area.
Sell if the price is in the $4,227 area.
Resistance 2: $4,260.
Resistance 1: $4,240.
Support 1: $4,220.
Support 2: $4,190.
Disclaimer: This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
