Gold Down Slightly in US Session
Gold bullion fell slightly on Friday (21/2) but is still up more than 1% for the week, with trading marked by a sharp increase in holdings in bullion-backed exchange-traded funds. An eighth weekly gain would be the longest winning streak since 2020.
RECOMMENDATION
- Buy if price moves to $2,941
- Sell if price moves to $2,931
Resistance Level 2: $2,955
Resistance Level 1: $2,948
Support Level 1: $2,924
Support Level 2: $2,917
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