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Indonesia News Portal for Traders | Financial & Business Updates

11 February 2025 07:35  |

Gold Shows Its Strength, New ATH $2921

Gold prices continued their record on Tuesday (11/2) and broke through the key level of $2,921 for the first time, supported by safe haven demand as US President Donald Trump's new tariff threats amplified concerns about trade wars and inflation.

Meanwhile, Investors will focus on Federal Reserve Chairman Jerome Powell's testimony before Congress on Tuesday and Wednesday for clues on the trajectory of monetary policy.

 

RECOMMENDATIONS

- Buy if the price moves to $2,923

- Sell if the price moves to $2,813

 

Resistance Level 2: $2,928

Resistance Level 1: $2,923

 

Support Level 1: $2,813

Support Level 2: $2,808

 

Note:

This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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