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Indonesia News Portal for Traders | Financial & Business Updates

24 February 2025 15:18  |

Gold Up Slightly and Holds Near ATH

Gold prices are near their highest levels today ahead of the European session. Gold is trading at $2,944 per ounce, and is likely to be stable.

While Tim Waterer, chief market analyst at KCM Trade said, "Disappointing US macro data at the end of last week has chased the dollar, which has opened the door higher for gold,".

"With trade uncertainty not looking to go away anytime soon, gold could still aim for another record high this week."

As of this writing, gold is at $2,944

RECOMMENDATION

- Buy if price moves to $2,939

- Sell if price moves to $2,949

Resistance Level 2: $2,955

Resistance Level 1: $2,949

 

Support Level 1: $2,939

Support Level 2: $2,933

 

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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