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Indonesia News Portal for Traders | Financial & Business Updates

23 January 2025 15:01  |

Gold Holds Stable in Positive Area

Gold prices maintained their negative bias through the early European session on Thursday (1/23), although there was no follow-through selling and remained close to the highest level since early November hit the previous day.

Uncertainty surrounding US President Donald Trump’s tariff plans, which could trigger a trade war and increase market volatility, should help limit losses for XAU/USD, warranting caution before confirming that the month-long uptrend has run out of steam.

RECOMMENDATION

- Buy if price moves to $2,759

- Sell if price moves to $2,750

 

Resistance Level 2: $2,766

Resistance Level 1: $2,759

 

Support Level 1: $2,750

Support Level 2: $2,743

DISCLAIMER

Note: This article is analysis only and not a definitive reference. Keep in mind the fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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