The gold price on Tuesday's trading (18/5) has the potential to continue strengthening with support at US$1,840 per troy ounce and resistance in the range of US$1,890-1,900 per troy ounce.

Commodity Observer Ariston Tjendra said the strengthening of gold prices was still supported by the release of US economic data that did not match expectations, such as data on employment and retail sales.

"With the data results that are still below expectations, this confirms that the US Central Bank's monetary easing policy will remain for the time being. This easing policy has put pressure on the US dollar, thus pushing up commodity prices, including gold," he said in Jakarta.

In addition, concerns about the increase in the number of COVID-19, which triggered new lockdowns in several countries, also triggered the increase in gold prices.

Market concern that this will disrupt the economy is the reason some investors go to gold to secure a