Gold Trades Sideways as Market Awaits New Signals from the Fed
Gold prices traded sideways on Tuesday (August 18). Movement was capped as the 10-year US Treasury yield rose toward 4.75%, dampening the appeal of non-interest-bearing gold.
Rising oil prices—driven by US-Iran tensions—also reignited inflation concerns, making investors reluctant to push gold prices higher.
Gold price at the time of this analysis: $4,393
- Buy if the price moves to $4,398
- Sell if the price moves to $4,388
Resistance 2: $4,412
Resistance 1: $4,402
Support 1: $4,382
Support 2: $4,372
Note: This article is analytical in nature and does not serve as a definitive recommendation. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id