[Gold]

With EMA(50) and EMA(200) condition forming a Golden Cross and RSI(14) in the Neutral-Bullish area, Gold is likely to strengthen toward its nearest resistance level in the near term.

Key Levels

1. Resistance. 2 : 5199.02

2. Resistance. 1 : 5072.48

3. Pivot : 4866.81

4. Support. 1 : 4740.27

5. Support. 2 : 4534.60

Tactical Scenario

Positive Reaction Zone: If the price holds at 4866.81, Gold is likely to move up toward 5072.48.

Momentum Extension Bias: If 5072.48 is broken to the upside, there is potential to reach 5199.02.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks and closes below 4534.60.

Technical Summary

EMA(50) : 4922.73

EMA(200): 4958.56

RSI(14) : 70.46

Economic News Release Agenda:

Tonight, during the U.S. session, the following economic data will be released:

US - ADP Non-Farm Employment Change - 20:15 WIB

US - Final Services PMI - 21:45 WIB

US - ISM Services PMI - 22:00 WIB

US - Crude Oil Inventories - 22:30 WIB