Gold Prices Weaken Again
Gold continued to fall after mixed U.S. data prompted traders to book profits ahead of the Federal Reserve's final policy meeting of the year.
Bullion was trading near $2,690 an ounce after falling 1.4% on Thursday following a report showing U.S. wholesale inflation unexpectedly rose in November, while applications for unemployment benefits rose last week to a two-month high.
RECOMMENDATION
- Buy if the price moves to at least $2,700
- Sell if the price moves to at least around $2,680
Resistance Level 2: $2,725
Resistance Level 1: $2,715
Support Level 1: $2,665
Support Level 2: $2,655
DISCLAIMER
Note: This article is only an analysis and not a definitive reference, Observe the development of fundamental and technical aspects in trading before making investment decisions.
Source: Newsmaker.id