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Indonesia News Portal for Traders | Financial & Business Updates

23 December 2024 19:33  |

Gold Prices Weaken Slightly

Gold prices weakened slightly as the dollar strengthened. Gold, which had previously strengthened to touch its highest level of the day at $2633, weakened again, pressured by the strength of the greenback.

The US dollar remained below its two-year high reached on Friday and turned out to be the main factor acting as a barrier to the metal's rise. In addition, low trading volumes due to the Christmas holiday further reduced movement in the market.

The current gold price is at $2617 per troy ounce.

RECOMMENDATION

- Buy if the price moves to a minimum of $2622

- Sell if the price moves to a minimum of around $2612

 

Resistance Level 2: $2633

Resistance Level 1: $2624

 

Support Level 1: $2606

Support Level 2: $2593

DISCLAIMER

Note: This article is only an analysis and not a definitive reference. Pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.

Source: Newsmaker.id

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