Loco Gold Stable, Market Awaits Fed Signal
Gold prices are stable amid global sentiment still influenced by the Federal Reserve's policy direction. Expectations of a US interest rate cut are the main driver, with investors continuing to seek gold as a safe haven amid economic uncertainty.
The gold price at the time of this analysis was released was at $3,378
- Buy if the price moves within the $3,375 range
- Sell if the price moves within the $3,385 range
Resistance 2: $3,393
Resistance 1: $3,385
Support 1: $3,370
Support 2: $3,362
Disclaimer:
This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id