Gold Prices Record ATH Again
Gold prices (XAU/USD) recorded a new ATH level again on Wednesday (2/19) in the European trading session. This increase occurred after the tough statement of the President of the United States (US) Donald Trump regarding Ukraine last night, just a few hours after the first talks between US and Russian officials raised concerns among market players whether a peace agreement would be realized.
Meanwhile, President Trump reiterated that a 25% tariff on car imports will be implemented soon, which also applies to pharmaceutical and semiconductor imports.
Meanwhile, the Federal Reserve (Fed) will release the Minutes of the Federal Open Market Committee (FOMC) for the January meeting.
The price of gold when this news was released was at the level of $ 2947 per troy ounce.
RECOMMENDATION
- Buy if price moves to $2954
- Sell if price moves to $2941
Resistance Level 2: $2964
Resistance Level 1: $2959
Support Level 1: $2936
Support Level 2: $2931
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