Gold Clears US Session
Gold prices fell slightly to $3,334 per ounce on Monday (August 18th), nearing a two-week low, as prospects for easing geopolitical tensions diminished the precious metal's appeal as a safe-haven asset.
Ahead of a meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky on Monday at 12:00 a.m. Western Indonesian Time (WIB) to reach a swift peace agreement, investors are awaiting the release of the minutes of the Federal Reserve's latest meeting on Friday at the Jackson Hole Symposium, which is expected to signal the future direction of US interest rates and could provide further information on the decision to keep interest rates unchanged.
Gold prices were at $3,334/oz at the time of writing.
- Buy if the price moves to around $3,339
- Sell if the price moves around $3,329
Resistance 2: $3,345
Resistance 1: $3,339
Support 1: $3,329
Support 2: $3,323
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions. (ayu)
Source: Newsmaker.id