jakarta – Gold bullion from PT Aneka Tambang (ANTAM) concluded trading on Saturday (November 8th) at IDR 2,299,000 per gram, and market analyst Ibrahim Assuaibi anticipates price volatility in the coming week. This forecast arrives as investors closely monitor global economic indicators and geopolitical factors influencing precious metal demand.
The gold market is currently navigating key support levels, with an initial floor at IDR 2,260,000 per gram and a secondary support at IDR 2,200,000 per gram. These levels are critical for investors and traders as they indicate potential buying opportunities or further declines. A sustained drop below IDR 2,200,000 could signal a broader bearish trend,impacting investment portfolios and possibly influencing consumer purchasing decisions.
According to Assuaibi, “So it is indeed possible that in one week’s transactions, in the next week, it might be stuck at the level of IDR 2,200,000.”
However, should market sentiment shift positively, Assuaibi projects an initial resistance level of IDR 2,320,000 per gram as early as Monday (November 10th). Looking further ahead, he forecasts a potential strengthening to IDR 2,390,000 per gram within the next week.
“So the one week range is most likely for precious metals at the level of IDR 2,200,000 to IDR 2,390,000,” Assuaibi stated. This projected range provides a framework for investors to assess potential trading strategies and manage risk in the short term.
(clay/clay)