Gold Steady to Start Asian Session
Gold prices were steady on Friday (2/14) as concerns grew about U.S. President Donald Trump’s upcoming tariff plans, which could further strain global trade relations.
Reciprocal tariffs would be Trump’s broadest action to address the U.S. trade deficit, but his decision not to immediately implement them could be seen as an opening offer for negotiations rather than a sign that he is committed to following through. The president has already imposed 10% levies on Chinese goods and plans to impose 25% duties on all U.S. steel and aluminum imports next month.
RECOMMENDATION
- Buy if price moves to $2,933
- Sell if price moves to $2,923
Resistance Level 2: $2,935
Resistance Level 1: $2,928
Support Level 1: $2,923
Support Level 2: $2,918
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
