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Indonesia News Portal for Traders | Financial & Business Updates

2 February 2026 11:07  |

Gold Slammed by These Two Factors!

Gold remains under pressure as the market continues to reset after a too-rapid rally. The main fundamental drivers are a strengthening US dollar and expectations of tighter Federal Reserve policy following Kevin Warsh's nomination, making gold (which does not yield) less attractive. This is compounded by profit-taking, deleveraging, and increasing selling pressure.

The next focus is on US data, especially the NFP. If the NFP is strong, the dollar/yield could remain high, making it difficult for gold to rebound. If the NFP weakens, a rebound opportunity opens up as the dollar/yield could cool. (asd)

The gold price at the time of this analysis was $4,641

- Buy if the price is at $4,705

- Sell if the price is at $4,606

Resistance 2: $4,865

Resistance 1: $4,766

Support 1: $4,568

Support 2: $4,469

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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