Gold Retreats to $2,268 Amid Political Risks
Updated
Title: "Gold Retreats to $2,269 Amid Political Risks and Fed Policy Expectations"
Gold dipped to $2,269 in early Friday's Asian trading session after reaching a new record high above $2,303 in the previous session. Political risks unfolding in the Middle East and expectations of monetary policy easing from the Fed could potentially lift the price of the precious metal.
Support Levels: $2,262, $2,252
Resistance Levels: $2,297, $2,311, $2,326
Trading Recommendation:
Look for selling opportunities in the price range of $2,282 - $2,280.
Stop Loss: $2,288
Gold dipped to $2,269 in early Friday's Asian trading session after reaching a new record high above $2,303 in the previous session. Political risks unfolding in the Middle East and expectations of monetary policy easing from the Fed could potentially lift the price of the precious metal.
Support Levels: $2,262, $2,252
Resistance Levels: $2,297, $2,311, $2,326
Trading Recommendation:
Look for selling opportunities in the price range of $2,282 - $2,280.
Stop Loss: $2,288
Note
I think the price of gold decreased slightly and then increased againNote
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