Gold Consolidates After Record
Gold prices fell on Friday (21/2) but were headed for an eighth straight weekly gain after hitting two consecutive record highs, as safe-haven demand remained strong amid concerns over U.S. President Donald Trump’s tariff plans.
Spot gold fell 0.4% to $2,926.54 an ounce by 0945 GMT. Bullion is up about 1.5% this week after rising to a record $2,954.69 on Thursday.
U.S. gold futures fell 0.5% to $2,940.90.
RECOMMENDATIONS
- Buy if price moves to $2,937
- Sell if price moves to $2,923
Resistance Level 2: $2,951
Resistance Level 1: $2,944
Support Level 1: $2,916
Support Level 2: $2,909
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id