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Gold seesaws as risk sentiment switches on and off


Friday, 15 March 2019 12:50 WIB

GOLDEMAS


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Gold changes the hands around $1298 on early Friday. The yellow metal lost near 1.0% on Thursday due to risk-off sentiment but challenges to the UK, doubts over the US-China trade deal and statements from North Korea pleased buyers during initial Friday.

Bullion traders trimmed early-week gains on yesterday after news that the British parliament favored no-deal Brexit improved macro risk sentiment. The US Dollar (USD) and equity markets took advantage of the same.

Gold Technical Analysis

Unless clearing $1292 to $1311 range, Gold prices are less likely to register further momentum either towards $1321 resistance or in a direction to $1288 and $1281 support levels.

Source: Fxtsreet


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