Gold Down On Fed Monetary Policy
Gold fell on Friday (2/14) after testing a record high of $2,940 earlier in the session as markets weighed global demand for safety and the outlook for Fed monetary policy.
US President Donald Trump said the US would mediate a ceasefire with Moscow over Russia's war with Ukraine, raising expectations that the conflict could end soon, supporting riskier assets in Europe.
RECOMMENDATIONS
- Buy if price moves to $2,893
- Sell if price moves to $2,879
Resistance Level 2: $2,907
Resistance Level 1: $2,900
Support Level 1: $2,872
Support Level 2: $2,865
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