[Gold]

With EMA(50) and EMA(200) condition forming a Death Cross intersection, even though RSI(14) is in the Neutral-Bullish area, Gold is likely to be under significant pressure today.

Key Levels

1. Resistance. 2 : 5538.05

2. Resistance. 1 : 5313.00

3. Pivot : 5154.42

4. Support. 1 : 4929.37

5. Support. 2 : 4770.79

Tactical Scenario

Pressure Zone: If the price breaks down below 4929.37, there is potential pressure toward 4770.79.

Momentum Extension Bias: If 4770.79 is broken, Gold could move down to 4545.74.

Invalidation Level / Bias Revision

The downside bias is restrained if Gold strengthens and breaks above 5538.05.

Technical Summary

EMA(50) : 5183.45

EMA(200): 5221.51

RSI(14) : 53.46

Economic News Release Schedule:

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

US - Beige Book - 02:00 WIB