Gold Drops Below $2900
Gold (XAU/USD) prices weakened slightly on Monday (2/17), below $2,900 at the time of writing. Meanwhile, the United States (US) market is closed due to the President's bank holiday. On a rather quiet trading day, no less than three Fed speakers will make comments in the macroeconomic calendar without any releases.
RECOMMENDATION
- Buy if the price moves to $2,903
- Sell if the price moves to $2,889
Resistance Level 2: $2,917
Resistance Level 1: $2,910
Support Level 1: $2,882
Support Level 2: $2,875
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