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