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Indonesia News Portal for Traders | Financial & Business Updates

1 May 2025 17:57  |

Gold Resumes Decline

Gold fell to a two-week low on Thursday (1/5) as a stronger dollar and easing trade tensions dented the metal's safe-haven appeal, while investors awaited the U.S. nonfarm payrolls report.

Spot gold fell 1.6% to $3,235.55 an ounce by 0629 GMT, after hitting its lowest since mid-April.

RECOMMENDATIONS

- Buy if price moves to $3,229

- Sell if price moves to $3,215

 

Resistance Level 2: $3,243

Resistance Level 1: $3,236

 

Support Level 1: $3,208

Support Level 2: $3,201

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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