Gold Down Ahead of US Central Bank Policy
Gold held steady early on Wednesday (18/12) ahead of an expected US interest rate cut later in the day as the Federal Reserve's policy-making committee wraps up its two-day meeting.
The precious metal has held within a $5.00 range so far this week, ahead of a widely expected 25 basis point US interest rate cut from the Federal Open Market Committee, the third rate cut in a row.
RECOMMENDATION
- Buy if price moves to at least $2642
- Sell if price moves to at least around $2632
Resistance Level 2: $2656
Resistance Level 1: $2649
Support Level 1: $2625
Support Level 2: $2618
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in the transaction before making an investment decision.
Source: Newsmaker.id