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Indonesia News Portal for Traders | Financial & Business Updates

12 February 2025 07:47  |

Gold Prices Take a Break

Gold was steady during the early Asian trading session on Wednesday (12/2) after chasing its latest ATH of $2942 on Tuesday.

Gold had fallen slightly as the US central bank signaled it was in no hurry to provide more interest rate cuts, and traders weighed concerns about a global trade war that could help demand for safe haven assets.

RECOMMENDATION

- Buy if the price moves to $2,900

- Sell if the price moves to $2,890

 

Resistance Level 2: $2,905

Resistance Level 1: $2,900

Support Level 1: $2,890

Support Level 2: $2,885

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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