The daily analysis of gold on January 08, 2021 will discuss the slight increase in gold occurred this morning. However, it was found that Gold experienced a correction from the initial increase. Gold volatility two days earlier was influenced by a surge in US Bond gains from the last 3 years. This 10-year bond led to the strengthening of the US dollar index today.

Gold Daily Analysis : January 18, 2021

Forex Daily Analysis : January 15, 2021

NFP or Non-Farm Payroll data will also be published today by the US Department of Labor. As we know, NFP is the main economic indicator of the United States that will affect the movement of gold and USD against other pairs. It was found that the effectiveness of the Cov-19 Vaccine, which still takes time, also supports the strengthening of the Dollar. Although today's increase in the US Dollar seems short-lived, the Biden administration tends to support a considerable amount of fiscal stimulus. Biden's term, which will begin on January 20, hints at a stimulus to improve economic problems and distribute $2,000 in aid to US citizens.

Forex Daily Analysis : January 12, 2021

However, it is estimated that this decline in gold will not last long. Because the prospect of additional stimulus under the authority of the Democratic Party is expected to lift Gold at a high level in the long term.

Gold Daily Analysis Prediction

Today's Gold Prediction is expected to decline and the recommended OP (Open Position) is SELL at the level of 1905.00. With a Target Profit (TP) of 5 - 10 points and a Stop loss (SL) of 3 - 5 points.

Forex Daily Analysis : January 11, 2021

Preference BEARISH
Target Profit 1 1900,00
Target Profit 2 1895,00
Stop Loss 1 1908,00
Stop Loss 2 1910,00
This the analysis of the gold daily on January 08, 2021. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.

Forex Daily Analysis : January 27, 2021