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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

26 November 2024 01:36  |

Gold Fell To Below $ 2,625 Per Ounce

Gold fell to below $ 2,625 per ounce on Monday after a five-session rally, as investors sought profit-taking and turned to risker assets after Donald Trump's nominated hedge fund manager Scott Bessent to lead the U.S.Treasury. Bessent advocated a phased introduction of trade restrictions and signaled willingness to negotiate tariff levels supported by the incoming president

Gold is currently trading at $ 2,617 or down around 1.1%

RECOMMENDATION

- Buy if the price moves at least at the $ 2,605 level

- Sell if the price is at least around the $ 2,625 level

Resistance Level 2: $ 2,635

Resistance Level 1: $ 2,625

 

Support Level 1: $ 2,605

Support Level 2: $ 2,595

DISCLAIMER

Note: This article is only an analysis and not a definitive reference. Keep an eye on the development of fundamental and technical aspects in transactions before making investment decisions.

Source: newsmaker.id

 

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