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Indonesia News Portal for Traders | Financial & Business Updates

8 April 2025 08:14  |

Gold Stable After Aggressive Past Few Days

Gold prices tended to be stable in the area of ​​$2991-$2981 on Tuesday (8/4) this was accompanied by concerns that US President Donald Trump's trade war could risk causing a global economic downturn, driving demand for safe haven assets, indicating a pause in asset sell-offs in the past few days.

Amid the global economic turmoil due to Donald Trump's widespread Tariffs, Gold is still a safe haven asset. The sharp decline that has occurred is only temporary, furthermore several factors are still very supportive of the increase in Gold prices.

RECOMMENDATION

- Buy if price moves to $ 3,002

- Sell if price moves to $ 2,992

Resistance Level 2: $ 3,008

Resistance Level 1: $ 3,002

Support Level 1: $ 2,992

Support Level 2: $ 2,986

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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