Gold Steady, Supported by Weaker Dollar
Gold prices were steady in early Asian trading on Wednesday, still supported by a weaker dollar, following President Trump's inauguration on Monday.
Trump, who plans to issue executive orders to overhaul border and energy policies and end diversity programs across the federal government, but refrained from immediately imposing new tariffs on Monday. The news eased concerns for some broader commodities.
RECOMMENDATION
- Buy if price moves to $2,752
- Sell if price moves to $2,742
Resistance Level 2: $2,765
Resistance Level 1: $2,758
Support Level 1: $2,736
Support Level 2: $2,729
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id