[Gold]

If we observe that the RSI is forming a Hidden Bearish Divergence pattern and the two EMAs are crossing the Death Cross, then there is a high probability that gold will weaken today to its nearest support level.

Key Levels

1. Resistance. 2 : 5170.45

2. Resistance. 1 : 5094.41

3. Pivot : 5051.83

4. Support. 1 : 4975.79

5. Support. 2 : 4933.21

Tactical Scenario

Pressure Zone: If Gold breaks down and closes below 4975.79, there is potential pressure toward 4933.21.

Momentum Extension Bias: If 4933.21 is broken to the downside, Gold could continue weakening to 4857.17.

Invalidation Level / Bias Revision

The downside bias is restrained if Gold strengthens and breaks above 5170.45.

Technical Summary

EMA(50) : 5067.59

EMA(200): 5124.04

RSI(14) : 33.75

Economic News Release Agenda:

From the United States, the following economic data will be released:

US - Empire State Manufacturing Index - 19:30 WIB

US - Capacity Utilization Rate - 20:15 WIB

US - Industrial Production m/m - 20:15 WIB

US - NAHB Housing Market Index - 21:00 WIB