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Indonesia News Portal for Traders | Financial & Business Updates

6 January 2025 21:27  |

Gold Weakens Ahead of US Open

Gold (XAU/USD) prices fell to around $2610 ahead of the US session on Monday (6/1). Since then, gold prices have started to weaken amidst persistently high US yields.

The knee-jerk reaction increased after headlines emerged that President-elect Donald Trump might consider possibly imposing universal tariffs on essential imports.

Gold prices at the time of this news release were -0.8% or at $2619/Toz.

RECOMMENDATIONS

- Buy if the price moves to around $2626

- Sell if the price moves to around $2614

 

Resistance Level 2: $2638

Resistance Level 1: $2631

 

Support Level 1: $2607

Support Level 2: $2600

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

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