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Indonesia News Portal for Traders | Financial & Business Updates

4 April 2025 15:59  |

Gold Continues Decline

Gold hovered around $3,083 early in the European session on Friday, Thursday’s selloff following President Trump’s blanket tariff announcement created a more attractive entry point for investors to take a long position—or an increase in value—in gold, Goldman Sachs analysts said in a note.

On the other hand, gold prices remain structurally supported by continued emerging market central bank buying

RECOMMENDATION

- Buy if price moves to $3,087

- Sell if price moves to $3,076

Resistance Level 2: $3,092

Resistance Level 1: $3,087

Support Level 1: $3,076

Support Level 2: $3,071

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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