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Indonesia News Portal for Traders | Financial & Business Updates

24 April 2025 17:48  |

Gold Recovers After Sharp Drop

Gold strengthened after its sharpest one-day drop this year as traders analyzed mixed signals from the U.S. on China tariff plans.

Bullion rose above $3,330 an ounce, after suffering its biggest one-day drop since November in the previous session. Among the latest signals from Washington, Treasury Secretary Scott Bessent cast doubt on a timely resolution of the U.S.-China trade war. That followed more conciliatory remarks from President Donald Trump.

RECOMMENDATIONS

- Buy if price moves to $3,335

- Sell if price moves to $3,321

 

Resistance Level 2: $3,349

Resistance Level 1: $3,342

 

Support Level 1: $3,314

Support Level 2: $3,307

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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