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Indonesia News Portal for Traders | Financial & Business Updates

7 January 2025 07:58  |

Gold Prices Stable in Asia

Gold prices (XAU/USD) were stable in the $2634 area at the start of the Asian trading session on Tuesday (7/1)

This was driven by traders considering the risks to global trade under the new US administration, with President-elect Donald Trump denying reports that he might moderate plans for blanket tariffs.

The gold price at the time of this news release was -0.5% or at $2634/Toz.

RECOMMENDATION

- Buy if the price moves to around $2639

- Sell if the price moves to around $2629

 

Resistance Level 2: $2639

Resistance Level 1: $2646

 

Support Level 1: $2629

Support Level 2: $2622

DISCLAIMER

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

Source: Newsmaker

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