Gold Down in Europe!
Gold prices are moving lower and struggling to hold near the $3,200 level at the time of writing on Friday (05/16) as many questions and concerns arise in the market and among traders.
First and foremost, the Ukraine-Russia talks seemed dead and buried even before Ukrainian President Volodymyr Zelenskyy shook hands with Turkish President Recep Tayyip Erdoğan on the runway in Ankara. Russian President Vladimir Putin did not attend in person and only sent a few low-level diplomats, which was seen as Russia taunting and bullying Ukraine.
Until this news was released, the price of gold was at $3,205
RECOMMENDATION
- Buy if the price moves to $3,215
- Sell if the price moves to $3,195
Resistance 2: $3,225
Resistance 1: $3,215
Support 1: $3,195
Support 2: $3,185
Note: This article is analysis only and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id