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Indonesia News Portal for Traders | Financial & Business Updates

28 May 2025 07:59  |

Gold Up After US Data Release

 

Gold rose slightly at the start of the Asian trading session on Wednesday (05/28) after experiencing a two-day decline, as the market remains in wait-and-see mode despite data showing improving economic sentiment and signs of progress in trade talks.

Investors are now preparing for the Federal Reserve's preferred inflation measure, the US personal consumption expenditures price index excluding food and energy, which will be released on Friday.

RECOMMENDATION

- Buy if price moves to $3,319

- Sell if price moves to $3,299

 

Resistance 2: $3,329

Resistance 1: $3,319

 

Support 1: $3,299

Support 2: $3,289

 

Note: This article analysis is only and is not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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