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Indonesia News Portal for Traders | Financial & Business Updates

27 February 2025 00:20  |

Gold Recovers in US Session

Gold prices tried to recover from losses on Wednesday (26/2) after recording a recent record rally, while investors await inflation data due later this week and the latest developments on US President Donald Trump's tariff plans.

Trump ordered an investigation into potential new tariffs on copper imports to rebuild US production of the metal that is essential for electric vehicles, military hardware, the power grid and many consumer goods.

As of this news release, the price of Gold is at $ 2,915

RECOMMENDATION

- Buy if the price moves to $ 2,920

- Sell if the price moves to $ 2,910

 

Resistance Level 2: $ 2,927

Resistance Level 1: $ 2,934

 

Support Level 1: $ 2,903

Support Level 2: $ 2,989

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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