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Indonesia News Portal for Traders | Financial & Business Updates

9 May 2025 16:47  |

Gold Stable at $3,325

Gold was steady at $3,325 in the European session on Friday (9/5). On the other hand, progress in global trade negotiations after the US announced a deal with the UK and ahead of a thaw-out meeting with China has eased demand for safe-haven assets in recent days.

However, market observers said investors were wary of the limited scope of the UK agreement and were looking at the upcoming meeting between Washington and Beijing with cautious optimism, as negotiations could be long and drawn out.

RECOMMENDATION

- Buy if the price moves to $3,330

- Sell if the price moves to $3,320

 

Resistance Level 2: $3,335

Resistance Level 1: $3,330

 

Support Level 1: $3,320

Support Level 2: $3,315

 

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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