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Indonesia News Portal for Traders | Financial & Business Updates

30 December 2024 12:46  |

Gold Steady in the $2620s Area in Small Trading Volume

Gold moved steadily in the $2620s area amid small trading volumes due to the holidays that have begun in several world markets. Gold itself opened with slight gains after previously closing with a decline.

Gold is heading for one of its biggest annual gains this century, with a 27% increase driven by US monetary easing, ongoing geopolitical risks, and a wave of central bank purchases.

RECOMMENDATION

- Buy if the price moves to around $2,626

- Sell if the price moves to around $2,616

 

Resistance Level 2: $2,636

Resistance Level 1: $2,627

 

Support Level 1: $2,615

Support Level 2: $2,606

 

DISCLAIMER

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

Source: Newsmaker.id

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