The daily analysis of gold on December 22, 2020 will discuss the movement of Gold had broken through the psychological level of $1900/troy ounce and reached the highest price in 1906, before ending in a downward close again. The movement of Gold is affected by the state of the US Dollar. The greenback strengthened in today's trading in the Asian session, but still traded well below the highs that had previously experienced quite volatile movements overnight. The existence of a new type of Corona-19 virus in the UK has caused wild movements in currencies that are difficult to predict. Market participants took advantage of the previous weakness of the US dollar by buying the American currency. However, the investor's behavior did not last long due to the uncertain market conditions and also coincided with the Christmas and New Year holiday seasons.

Gold Daily Analysis : December 29, 2020

Experts argue that the US dollar's movement will still weaken, but it will still be close to the 9-year-old high reached in September. The focus of these investors is to look forward to consumer confidence data in the US & Germany. On the other hand, regarding the expectation that an examination of the stimulus of US Covid-19 relief funds will be carried out next week.

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 1870.00, with a Target Profit (TP) of 5-10 points and a Stop Loss of 3-5 points. chart GOLD analisa harian 22-12-2020
Preference BEARISH
Target Profit 1 1865,00
Target Profit 2 1860,00
Stop Loss 1 1873,00
Stop Loss 2 1875,00
This the daily analysis of gold on December 22, 2020. Keep Money Management and Risk Management first in your trading.

Forex Daily Analysis : December 23, 2020

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