Gold Daily Analysis : 26 April 2021

The daily analysis of gold on April 26, 2021 discussed that the rise in Gold in the last few days had been hampered and experienced a decline, the decline in the price of Gold was caused by the rise of the US Dollar from its fall. The decline in Gold prices occurred in last weekend's Friday trading where there was an increase in interest from market participants in risky assets other than Gold. The underlying attitude of market participants occurred after several global economic data releases have illustrated the recovery of the world economy. For today's market movement in the Asian session, it is estimated that the price of Gold will try to recover from its fall at the end of last week. Growing speculation in the market that the Fed will still take dovish policy, making the price of Gold bounce back from its fall.

Forex Daily Analysis : April 29, 2021

The greenback again weakened against several other major currencies in the Asian session on Monday, April 26, 2021. The decline in the yield rate of US government bonds with long-term tenors also dragged the US Dollar to its lowest level. The US dollar had strengthened to a limited extent against several other major currencies in the American session trading last Friday. The reason for the strengthening of the US dollar is the positive impact of the release of economic data such as the PMI index for the American manufacturing and services sectors. In addition, the US housing sector data that was informed was also released above the prediction. However, the strengthening of the US Dollar did not last long, because market participants were focused on the Fed's monetary policy which will be scheduled on Thursday morning. Today for Australian and New Zealand banks are off as they celebrate Anzac Day. Globally, the weakening of the US Dollar has occurred for about 7 weeks, due to the concern of market participants about the perception that the Chairman of the Central Bank of the Fed Jerome Powell will not discuss too much about the tapering plan in his speech this week. Powell's prediction will get many questions about the effect of vaccination on the American economy, as well as the availability of jobs that continue to be released positively will be able to make the Fed tighten monetary policy. On the other hand, analysts predict that the chairman of the Central Bank of the Fed will still remain to give his view dovishly. The view is that he will maintain low interest rates for the next few years. The statement also emphasized that the level of the American economy will still face a steep and bumpy road, not a smooth and straight road like a freeway to achieve economic recovery in accordance with the Fed's target.

Forex Daily Analysis : April 23, 2021

Gold Daily Analysis Prediction

Today's prediction for the EMAS pair is expected to continue its gains, and the recommended OP (Open Position) is BUY at the level of 1785.00, with a Target Profit (TP) of 5-10 points and a Stop Loss of 3-5 points. This the analysis of the gold daily on April 26, 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.