Gold Prices Take a Break
Gold was steady during the early Asian trading session on Wednesday (12/2) after chasing its latest ATH of $2942 on Tuesday.
Gold had fallen slightly as the US central bank signaled it was in no hurry to provide more interest rate cuts, and traders weighed concerns about a global trade war that could help demand for safe haven assets.
RECOMMENDATION
- Buy if the price moves to $2,900
- Sell if the price moves to $2,890
Resistance Level 2: $2,905
Resistance Level 1: $2,900
Support Level 1: $2,890
Support Level 2: $2,885
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