Today's daily gold analysis on December 11, 2020 discusses the movement of Gold which still has a chance to decline in the short term, amid positive sentiment regarding the Covid-19 vaccine. On the other hand, the FDA Advisory Committee (known in Indonesia as BPOM) has recommended that the use of Covid-19 vaccines from Pfizer and BioNTech should only be used in emergencies. Another sentiment that has the potential to weigh on Gold's movement is the uncertainty of the fiscal stimulus of the United States Covid-19 relief fund. In addition, the characteristics of Gold on Friday usually decrease, as a result of profit taking actions carried out by most market participants. This is done so that at the close of the market there are no open positions, and at the beginning of the week (Monday) they can open new positions in the market.
Gold Daily Analysis Prediction
Today's prediction on the EMAS pair, is expected to continue the decline, and the recommended OP (Open Position) is
SELL at the level of 1830.00, with a Target Profit (TP) of 5-10 points and a Stop Loss at 3-5 points.
Gold Daily Analysis : December 29, 2020
| Preference |
BEARISH |
| Target Profit 1 |
1825,00 |
| Target Profit 2 |
1820,00 |
| Stop Loss 1 |
1833,00 |
| Stop Loss 2 |
1835,00 |
This the daily analysis of gold on December 11, 2020. Keep Money Management and Risk Management first in your trading.
Forex Daily Analysis: December 14, 2020
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