Today's gold daily analysis on July 26, 2021 from the GIC team will provide an explanation of the causes of gold price movements in the market. In the market movement on Friday last weekend, the price of Gold decreased. The decline in Gold was caused by the condition of the US Dollar which is still strengthening against other currencies. Gold prices will decline if the US dollar strengthens, but in last weekend's trading the decline in gold was only slightly from its high. In today's market trading, it is predicted that the price of Gold will try to rise from its decline.

This is because it is still supported by the prolonged Covid-19 pandemic of the Delta variant that has hit all countries in the world. Gold is a safe haven asset chosen by market participants if market conditions are uncertain or if there is an event that hits most countries in the world. The greenback is in a stable condition and is at its strengthening level compared to several other major currencies.

The strengthening of the US dollar currency was supported by the increase in US government bond yields. The increase in bond yields is in line with unstable market conditions. Over the past few years, the movement of bond yields with a tenor of 10 years has experienced unstable movements due to US economic conditions which are also ups and downs. The US Dollar currency is at its strengthening level because it is driven by actions taken by market participants. Market participants choose safe haven assets of the US Dollar in addition to Gold. This is done because of the Delta virus pandemic that is still hitting most countries in the world.

Gold Analysis Today 26 July 2021

Today's Gold Prediction, it is expected to try to rebound/rise, and the recommended OP (Open Position) is BUY at the level of 1810.00, with a Target Profit (TP) of 5-10 points and a Stop Loss at 3-5 points.

Chart GOLD analisa harian 26-07-2021

Preference BULLISH
Target Profit 1 1815,00
Target Profit 2 1820,00
Stop Loss 1 1807,00
Stop Loss 2 1805,00


This the daily analysis of gold on July 26, 2021, the condition of the US Dollar which is still strengthening against several other major currencies supported by bond yields moved up, thus making the movement of Gold fall slightly. Keep Money Management and Risk Management first in your trading. Also visit the GIC Journal, in the GIC Journal you can read articles and other analyses such as "Trusted Online Loans" as well as information about GIC in our press release. Also watch the video discussion about forex in the premium content video.