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Indonesia News Portal for Traders | Financial & Business Updates

11 March 2025 19:10  |

Gold Still Struggling in Positive Area

Gold prices moved above the $2900 area during the European session on Tuesday (11/3).

This was supported by the effect of the headline from the leaders of the German Green coalition, who said this morning they had given the green light for a defense spending deal. This increased confidence in the Euro (EUR) and triggered a new decline in the US Dollar Index (DXY), which opened the door for Bullion to surge.

RECOMMENDATION

- Buy if the price moves to $2,918

- Sell if the price moves to $2,908

Resistance Level 2: $2,923

Resistance Level 1: $2,918

Support Level 1: $2,908

Support Level 2: $2,903

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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