Gold Daily Analysis : 09 February 2021

Gold daily analysis 09 February 2021 today discusses Gold prices soaring in the US trading session last Monday, this increase was caused by news after CNBC media reported that US House of Representatives members from the Democratic Party are expected to announce an additional stimulus package in addition to the US$1.9 Trillion Covid-19 relief fund stimulus package that has been planned by president-elect Joe Biden. With the plan that this large stimulus package in the US will encourage investor interest in Gold as a hedge against inflation. Members of the United States House of Representatives from the Democratic Party will reportedly inform about an additional stimulus in the form of child allowance for a year with the criteria for the amount of the stimulus being US $3600/child (<6 years old), and US $3000/child (<18 years old). This stimulus plan will be added to the child tax credit in America. Concerns arise if this stimulus program for children is carried out in conjunction with the fiscal stimulus program for Covid-19 assistance funds. This caused a sell-off in the US Dollar by market participants, plus after the release of jobs (Non-Farm Payroll) on Friday last week turned out to be released lower than predicted. On the other hand, US Treasury Secretary Janet Yellen emphasized that she strongly supports the large fiscal stimulus package that is being planned by the government. Yellen said that workers who earn about US$60,000/year should receive a check for assistance as written in the proposed stimulus assistance plan for the Covid-19 relief package. Yellen also added that if Congress approves a stimulus plan with the amount of US $1.9 trillion, then the US country will be able to maximize its employment amount (full employment) again next year. But on the other hand, if it is not approved, then the problem that arises is the number of unemployed that continues to increase and will last for many years.

Forex Daily Analysis Predictions

Today's prediction on the EMAS pair, is expected to continue its rise, and the recommended OP (Open Position) is BUY at the level of 1845.00., with a Target Profit (TP) of 5-10 points and a Stop Loss at 3-5 points. This the analysis of the gold daily on February 9, 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.