Gold Daily Analysis: December 15, 2020

The daily analysis of gold on December 15, 2020 this time will discuss the movement of Gold which had declined in yesterday's trading due to the impact of the distribution of the Covid-19 vaccine to several states in the United States began to be implemented. This indicates that economic turmoil is starting to appear in the superpower. On the other hand, the US Dollar currency market movement yesterday weakened, almost close to the lowest level in 2 years. The weakening of the Greenback is due to new hopes for a Brexit deal and the US Covid-19 assistance plan, coupled with the progress of the Covid-19 vaccine. The US dollar had weakened against other major currencies, namely at the level of 90.40s, the lowest level since April 2018. The $908 billion US Covid-19 relief stimulus plan, which will be raised again in the US congress as early as Monday next week. The plan is that the aid package will be divided into two packages, but details about this have not been confirmed.

Forex Daily Analysis Predictions

Today's prediction on the EMAS pair is expected to continue the decline, and the recommended OP (Open Position) is BUY at the level of 1835.00, with a Target Profit (TP) of 5-10 points and a Stop Loss at 3-5 points. This the daily analysis of gold on December 15, 2020. 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