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Indonesia News Portal for Traders | Financial & Business Updates

17 February 2025 23:56  |

Gold Drops Below $2900

Gold (XAU/USD) prices weakened slightly on Monday (2/17), below $2,900 at the time of writing. Meanwhile, the United States (US) market is closed due to the President's bank holiday. On a rather quiet trading day, no less than three Fed speakers will make comments in the macroeconomic calendar without any releases.

RECOMMENDATION

- Buy if the price moves to $2,903

- Sell if the price moves to $2,889

 

Resistance Level 2: $2,917

Resistance Level 1: $2,910

 

Support Level 1: $2,882

Support Level 2: $2,875

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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