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Indonesia News Portal for Traders | Financial & Business Updates

22 May 2025 16:10  |

Gold Holds Above $3,300

Gold (XAU/USD) prices eased from near two-week highs around $3,345-$3,346 region touched on Thursday, and traded with a mild positive bias during the early European session.

A modest US Dollar (USD) uptick was seen as a key factor behind the commodity’s intraday decline, though a meaningful pullback seems elusive.

Growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further by 2025 and concerns about rising US deficits should keep a lid on the USD, which should act as a tailwind for the non-yielding yellow metal.

RECOMMENDATION

- Buy if price moves to $3,314

- Sell if price moves to $3,300

 

Resistance 2: $3,328

Resistance 1: $3,321

 

Support 1: $3,293

Support 2: $3,286

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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