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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

23 July 2025 18:19  |

Gold Falls on Market Optimism.

Gold prices weakened on Wednesday (July 23) due to improved risk appetite after US President Donald Trump announced a trade deal with Japan ahead of the upcoming tariff deadline. However, a weaker dollar and lower Treasury yields limited losses for US dollar-priced bullion.

As of this writing, gold prices were at $3,421.

Recommendation:

Buy if the price breaks above $3,415

Sell if the price breaks below $3,430

 

Resistance 2: $3,445

Resistance 1: $3,430

 

Support 1: $3,415

Support 2: $3,410

Note: This article is intended for analysis and is not intended as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.

Source: Newsmaker.id

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