Gold prices fell sharply after the FOMC minutes. What about the technicals?
Expectations that high US tariffs will support inflation in the coming months and force the Federal Reserve to keep interest rates stable for an extended period continue to support rising US Treasury bond yields.
As of the release of this news, the price of gold was at $3,288.
Recommendation:
Buy if the price breaks above $3,283
Sell if the price breaks below $3,295
Resistance 2: $3,305
Resistance 1: $3,300
Support 1: $3,280
Support 2: $3,275
Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: CP-Newsmaker.id