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Indonesia News Portal for Traders | Financial & Business Updates

6 June 2025 15:08  |

Gold Trims Gains in European Session

Gold prices trimmed their gains ahead of entering the European session on Friday (6/6). This movement occurred because many investors preferred to wait for the release of important data from America tonight as a reference for future economic policy.

Nonfarm payrolls data to be released on Friday is expected to be lower for May, especially after a series of weak labor market data throughout the week. The US hiring trend has been hampered by increasing uncertainty over economic policy under Trump, especially his tariff agenda.

 

RECOMMENDATION

- Buy if the price breaks above $3365

- Sell if the price breaks above $3355

 

Resistance 2: $3375

Resistance 1: $3367

 

Support 1: $3353

Support 2: $3345

 

Note: This article is for analytical purposes only and is not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.

 

Source: Newsmaker.id

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