The price of gold on Wednesday's trading (19/5) is technically likely to strengthen with the expectation that the US Central Bank's monetary easing policy will persist.

"Today the gold price still has the opportunity to strengthen to the area of 1890 per troy ounce as long as the price is able to hold above the support level of 1860 troy ounces. A break below this support level opens opportunities for correction to the area of 1840 dollars per troy ounce," said Commodity Observer Ariston Tjendra Jakarta.

He added that market players are looking forward to the US monetary policy meeting minutes, which will be released early this morning.

The market still wants to confirm the central bank's stance on the current increase in the rate of inflation in the US, whether there are signals of monetary tightening or not.

However, expectations of an increase in inflation in the US, which raised the yield on US government bonds, espec