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Indonesia News Portal for Traders | Financial & Business Updates

23 January 2026 07:08  |

Nothing Can Stop Gold's Rise!

Gold hit a record high and held around $4,962/oz after the dollar weakened; the Bloomberg Dollar Spot Index fell 0.3% after US data showed the economy remained strong, but jobless claims rose slightly. Silver also reached a record high at $96.80/oz, while platinum and palladium strengthened.

The bias remains bullish as long as the dollar and yields don't rebound, but a rally this sharp is vulnerable to profit-taking—monitor the direction of the dollar/yield for further confirmation or consolidation. (asd)

Gold price at the time of this analysis was $4,962

- Buy if the price is at $4,968

- Sell if the price is at $4,938

Resistance 2: $5,009

Resistance 1: $4,979

Support 1: $4,919

Support 2: $4,889

Disclaimer

This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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