Gold Continues to Strengthen This Morning
Gold prices are stable again in the positive area on Friday (21/2).
Gold demand remains driven by uncertainty about global trade. The weak US dollar and falling US Treasury yields have made XAU/USD trade with a moderate increase of 0.23% approaching $2,941 at the time of writing.
RECOMMENDATION
- Buy if the price moves to $2,946
- Sell if the price moves to $2,936
Resistance Level 2: $2,952
Resistance Level 1: $2,946
Support Level 1: $2,936
Support Level 2: $2,931
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