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Indonesia News Portal for Traders | Financial & Business Updates

3 April 2025 17:45  |

Gold Corrects Driven by Profit Taking Action

Gold (XAU/USD) prices corrected in European trade after initially hitting a new all-time high of $3,167 in early Asia.

Traders took profits, pushing bullion prices to $3,125 at the time of writing on Thursday. The market saw all asset classes absorb the overnight shock statement from United States (US) President Donald Trump, who unveiled his retaliatory tariff plan to the world.

RECOMMENDATION

- Buy if price moves to $3,113

- Sell if price moves to $3,099

 

Resistance Level 2: $3,130

Resistance Level 1: $3,121

 

Support Level 1: $3,091

Support Level 2: $3,082

 

Note:

This article is only 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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