Gold Falls Amid Liquidation of Positions in Equity Selloff
Gold prices are down more than 1% from near-record highs as investors liquidate bullion positions, following a broader market selloff fueled by growing interest in Chinese AI startup DeepSeek.
The sharp decline in global equity markets has prompted a risk-off move across other asset classes, with U.S. Treasury yields falling to a three-week low and the dollar index hitting its lowest since Dec. 18.
As of this writing, gold is at $2,740
RECOMMENDATIONS
- Buy if price moves to $2,735
- Sell if price moves to $2,755
Resistance Level 2: $2,765
Resistance Level 1: $2,750
Support Level 1 $2,730
Support Level 2: $2,715
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