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Indonesia News Portal for Traders | Financial & Business Updates

12 May 2025 14:57  |

Gold Weakens Further

Gold prices continued to decline in early European session on Monday (12/5), pressured by the strengthening US Dollar. This was accompanied by optimism in US-China trade talks in Geneva, Switzerland, over the weekend that dragged the precious metal lower.

The US and China ended high-stakes trade talks on a positive note on Sunday, with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said they had reached a "significant consensus".

RECOMMENDATION

- Buy if price moves to $3230

- Sell if price moves to $3216

 

Resistance 2: $3237

Resistance 1: $3230

 

Support 1: $3216

Support 2: $3209

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(ads)

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