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Indonesia News Portal for Traders | Financial & Business Updates

19 February 2025 08:28  |

Gold Tends to be Stable Ahead of Trump Speech

Prices were stable in the positive area on Wednesday (2/18) as concerns about economic growth due to uncertainty surrounding US President Donald Trump's tariff plans drove safe haven flows into gold bullion.

Early in the morning, the US President gave a speech promising to impose tariffs on imports of cars, semiconductors and pharmaceuticals of around 25% on Tuesday night, with an announcement to be made as early as April 2. However, there is speculation that the threat is primarily used as a negotiating tool, with US tariff policy increasingly chaotic due to delays and exceptions.

RECOMMENDATION

- Buy if price moves to $2,936

- Sell if price moves to $2,926

 

Resistance Level 2: $2,942

Resistance Level 1: $2,936

Support Level 1: $2,926

Support Level 2: $2,920

Note:

This article is only an analysis and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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