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Indonesia News Portal for Traders | Financial & Business Updates

7 May 2025 16:19  |

Gold Down Ahead of FOMC

Gold fell on Wednesday (7/5) in the European session, entering a new round of trade wars, now the US-China is starting to ease, this is enough to suppress demand for safe assets even as military hostilities between India and Pakistan escalate, and the Dollar Index is stable.

However, Beijing said it would not sacrifice its principled stance or international justice to seek any deal. Currently, market players choose to wait and see ahead of this week's FOMC.

As of this news release, the price of Gold is at $3,383

RECOMMENDATION

- Buy if the price moves to $3,388

- Sell if the price moves to $3,378

 

Resistance Level 2: $3,393

Resistance Level 1: $3,388

 

Support Level 1: $3,378

Support Level 2: $3,373

 

Note:

This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.

 

Source: Newsmaker.id

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