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Indonesia News Portal for Traders | Financial & Business Updates

6 May 2025 16:29  |

Gold Seeks to Continue Rising

Gold continued to rise in Europe on Tuesday (06/05) for the second straight day, as geopolitical tensions around the world continued to support investor demand for safe-haven assets. In the Middle East, Israel is increasingly preparing its ground offensive in the Gaza Strip with the aim of taking full control of the territory.

In the United States (US), pressure is mounting on US President Donald Trump and his administration to finally announce the first trade deal. Trump and his cabinet have been vocal about an imminent deal, with US Commerce Secretary Howard Lutnick saying that the first trade deal will be with the top 10 economies, Fox News reported.

Until this news was released, the price of Gold was at the level of $ 3,361

RECOMMENDATION

 

- Buy if the price moves to $ 3,378

- Sell if the price moves to $ 3,368

 

Resistance Level 2: $ 3,384

Resistance Level 1: $ 3,378

 

Support Level 1: $ 3,368

Support Level 2: $ 3,362

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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