Gold

With both EMAs condition forming a Death Cross, then today Gold is likely to remain under pressure and may weaken toward its nearest support level.

Key Levels

1. Resistance. 2 : 4904.68

2. Resistance. 1 : 4812.32

3. Pivot : 4740.16

4. Support. 1 : 4674.80

5. Support. 2 : 4575.64

Tactical Scenario

Pressure Zone: If the price breaks down below 4740.16, there is potential for continued pressure toward 4674.80.

Momentum Extension Bias: If 4674.80 is also broken, Gold may test 4575.64.

Level Invalidation / Bias Revision

The downside bias is restrained if Gold strengthens and breaks above 4904.68.

Technical Summary

EMA(50) : 4754.93

EMA(200): 4782.38

RSI(14) : 57.02

Economic News Release Agenda:

From the United States, only Crude Oil Inventories will be released at 21:30 WIB.