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Indonesia News Portal for Traders | Financial & Business Updates

29 July 2025 16:31  |

Gold Prices Ahead of Important Data

Gold held steady at $3,321/oz in European trading on Tuesday (July 29th). Following the US-EU tariff agreement, the market remains preoccupied with discussions about the implementation and direction of US-China negotiations. Sentiment remains positive thanks to low interest rates and geopolitical tensions, although this week's NFP data and the Fed's comments could be game-changers.

Market participants are currently awaiting important data, which will be released tonight at 9:00 PM WIB. The results of this data could lead to speculation ahead of the FOMC meeting.

The gold price at the time of writing was $3,321/oz.

- Buy if the price moves to around $3,326

- Sell if the price moves around $3,314

 

Resistance 2: $3,332

Resistance 1: $3,326

 

Support 1: $3,314

Support 2: $3,308

DISCLAIMER

Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id (ayu)

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