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Indonesia News Portal for Traders | Financial & Business Updates

16 June 2025 14:52  |

Gold Prices Drop to $3,400 Amid Strengthening Market Risk Sentiment

Gold (XAU/USD) prices extended its steady intraday decline from near two-month tops and eased to the $3,400 range during the early European session on Monday.

A generally positive sentiment around equity markets was seen as a key factor undermining the safe-haven bullion, which now seems to have snapped three consecutive days of winning streak.

RECOMMENDATION

- Buy if price breaks above $3,419

- Sell if price breaks above $3,405

 

Resistance 2: $3,433

Resistance 1: $3,426

 

Support 1: $3,398

Support 2: $3,391

 

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

Source: Newsmaker.id

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