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Indonesia News Portal for Traders | Financial & Business Updates

15 May 2025 01:54  |

Gold Down on Trade Optimism

Gold prices plunged for the second day in three on Wednesday, mainly driven by improved risk appetite following positive trade news related to the United States (US). This, along with a bearish technical chart pattern, pushed the yellow metal below the $3,200 mark for the first time since April 11.

As of this writing, Gold prices are at $3,175

RECOMMENDATION

- Buy if price moves to $3,165

- Sell if price moves to $3,180

 

Resistance 2: $3,195

Resistance 1: $3,185

 

Support 1: $3,165

Support 2: $3,155

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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