JAKARTA - The price of gold is still moving consolidative ahead of the US central bank monetary meeting which will be released next morning. The price of gold is still getting the pressure drops due to the potential increase in the US benchmark interest rate that may be faster than expected.
Price was pressured into the area of US $ 1,142 per troy ounce yesterday, and is now in the range of US $ 1,150 per troy ounce. Prices are still visible in the pressure down and may still be able to retest the area of US $ 1,142.
However, if the price broke through the resistance area upwards of US $ 1,154, the price is likely to strengthen back into the area of US $ 1158-1159.
Price was pressured into the area of US $ 1,142 per troy ounce yesterday, and is now in the range of US $ 1,150 per troy ounce. Prices are still visible in the pressure down and may still be able to retest the area of US $ 1,142.
However, if the price broke through the resistance area upwards of US $ 1,154, the price is likely to strengthen back into the area of US $ 1158-1159.
Comments
Post a Comment