Silver Prices Start to Heat Up
Silver prices started to move up at the beginning of the European session on Monday (20/1), this was driven by the US Dollar (USD) factor which attracted new sellers and eroded most of Friday's positive movement amid speculation that the Federal Reserve (Fed) will cut interest rates twice this year.
Meanwhile, at this time investors may also refrain from using aggressive tactics and choose to wait for Trump's inauguration speech.
When this news was released, Gold was at the level of $30,380
RECOMMENDATION
- Buy if the price moves to the range of $30,380pe
- Sell if the price moves to the range of $30,080
Resistance Level 2: $30,680
Resistance Level 1: $30,380
Support Level 1: $30,080
Support Level 2: $29,780
DISCLAIMER
Note: This article is analysis only and is not a definitive reference. Pay attention to the development of fundamental and technical aspects in trading before making investment decisions.
Source: Newsmaker.id