Gold Holds Lower As Asian Markets Open
Gold prices moved lower as the US Federal Reserve (Fed) turned hawkish.
The Fed dropped inflation language, indicating a shift towards keeping interest rates unchanged.
XAU/USD traded volatilely in the range of $2,750 - $2,740 as Fed Chair Jerome Powell delivered his statement.
RECOMMENDATIONS
- Buy if price moves to $2,767
- Sell if price moves to $2,757
Resistance Level 2: $2,781
Resistance Level 1: $2,774
Support Level 1: $2,750
Support Level 2: $2,743
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