With both EMAs forming a Death Cross intersection and supported by RSI(14) indicator in the Neutral-Bearish level area, then today #VIX has the potentialto weaken toward its nearest support level.

Key Levels

1. Resistance. 2 : 20.77

2. Resistance. 1 : 20.29

3. Pivot : 20.05

4. Support. 1 : 19.57

5. Support. 2 : 19.33

Tactical Scenario

Pressure Zone: If 19.57 is broken down, there is potential for continued weakness toward 19.33.

Momentum Extension Bias: If 19.33 is also broken to the downside, #VIX could extend its decline to 18.85.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks above 20.77.

Technical Summary

EMA(50) : 20.07

EMA(200): 20.18

RSI(14) : 47.52

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Philly Fed Manufacturing Index - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Building Permits - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Flash Manufacturing PMI - 20:45 WIB

US - Flash Services PMI - 20:45 WIB

US - Natural Gas Storage - 21:30 WIB

#USDX will continue to to test its nearest resistance level, as it is confirmed by both EMAs which forms a Golden Cross intersection.

Key Levels

1. Resistance. 2 : 99.66

2. Resistance. 1 : 99.39

3. Pivot : 99.16

4. Support. 1 : 98.89

5. Support. 2 : 98.66

Tactical Scenario

Positive Reaction Zone: If the price holds at 99.16, there is a likelihood of a move up toward 99.39.

Momentum Extension Bias: If 99.39 is broken

Invalidation Level / Bias Revision

The upside bias weakens if the price falls and closes below 98.66.

Technical Summary

EMA(50) : 99.20

EMA(200): 99.06

RSI(14) : 38.20

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Philly Fed Manufacturing Index - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Building Permits - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Flash Manufacturing PMI - 20:45 WIB

US - Flash Services PMI - 20:45 WIB

US - Natural Gas Storage - 21:30 WIB

If we look at all the technical indicators that show weakness in Silver, then in the near future XAG/USD has the potential to test its nearest support level.

Key Levels

1. Resistance. 2 : 80.950

2. Resistance. 1 : 77.300

3. Pivot : 75.185

4. Support. 1 : 71.535

5. Support. 2 : 69.420

Tactical Scenario

Pressure Zone: If 71.535 is broken down, there is potential for continued weakness toward 69.420.

Momentum Extension Bias: If 69.420 is broken, Silver may test the next support at 65.770.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks above 80.950.

Technical Summary

EMA(50) : 74.944

EMA(200): 78.003

RSI(14) : 37.69

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Crude Oil Inventories - 21:30 WIB

US - FOMC Meeting Minutes - 01:00 WIB

With both EMAs condition forming a Death Cross intersection and RSI(14) indicator in the Neutral-Bearish level, confirmed that seller pressure is quite dominant, so it will bring Gold to move toward its nearest support level in the near term.

Key Levels

1. Resistance. 2 : 4636.16

2. Resistance. 1 : 4559.01

3. Pivot : 4511.73

4. Support. 1 : 4434.58

5. Support. 2 : 4387.30

Tactical Scenario

Pressure Zone: If 4434.58 is broken down, there is potential for continued weakness toward 4387.30.

Momentum Extension Bias: If 4387.30 is broken to the downside, Gold could test the support level at 4310.15.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks above 4636.16.

Technical Summary

EMA(50) : 4510.21

EMA(200): 4570.34

RSI(14) : 33.63

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Crude Oil Inventories - 21:30 WIB

US - FOMC Meeting Minutes - 01:00 WIB

With both EMAs forming a Death Cross intersection and RSI(14) indicator in the Neutral-Bearish level, then in the near term XPD/USD has the potential to test its nearest support level.

Key Levels

1. Resistance. 2 : 1457.94

2. Resistance. 1 : 1438.48

3. Pivot : 1411.81

4. Support. 1 : 1392.35

5. Support. 2 : 1365.68

Tactical Scenario

Pressure Zone: If 1411.81 is broken down, there is potential for further weakness toward 1392.35.

Momentum Extension Bias: If 1392.35 is also broken to the downside, #XPD/USD could move toward 1365.68.

Invalidation Level / Bias Revision

The downside bias is restrained if the price breaks above 1457.94.

Technical Summary

EMA(50) : 1413.52

EMA(200): 1442.34

RSI(14) : 47.89

Economic News Release Agenda:

The United States will release the following economic data:

US - ADP Weekly Employment Change 19:15 WIB

US - Pending Home Sales m/m - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With technical conditions supporting the weakness in Platinum, then in the near term #PLF is likely to test its nearest support level.

Key Levels

1. Resistance. 2 : 2024.5

2. Resistance. 1 : 2006.0

3. Pivot : 1981.0

4. Support. 1 : 1962.5

5. Support. 2 : 1937.5

Tactical Scenario

Pressure Zone: If 1981.0 is broken down, then there is potential for the weakness to continue toward 1962.5.

Momentum Extension Bias: If 1962.5 is also broken down, then #PLF could continue its weakening to 1937.5.

Invalidation Level / Bias Revision

The downside bias is restrained if the price breaks above 2024.5.

Technical Summary

EMA(50) : 1985.4

EMA(200): 2034.5

RSI(14) : 51.14

Economic News Release Agenda:

The United States will release the following economic data:

US - ADP Weekly Employment Change 19:15 WIB

US - Pending Home Sales m/m - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With technical conditions supporting the strength in #NG, then in the near term there is potential to test the nearest resistance level.

Key Levels

1. Resistance. 2 : 3.032

2. Resistance. 1 : 2.995

3. Pivot : 2.945

4. Support. 1 : 2.908

5. Support. 2 : 2.858

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 2.995, there is a likelihood of a move up toward 3.032.

Momentum Extension Bias: If 3.032 is also breached, there is potential to continue strengthening to 3.082.

Invalidation Level / Bias Revision

The upside bias weakens if the price falls below 2.858.

Technical Summary

EMA(50) : 2.966

EMA(200): 2.897

RSI(14) : 68.43

Economic News Release Agenda:

In addition to the first day of the G7 meeting schedule, the United States will release the following economic data:

US - NAHB Housing Market Index - 21:00 WIB

US - TIC Long-Term Purchases - 03:00 WIB

Both EMAs which is forming a Golden Cross and RSI(14) in the Neutral-Bullish level indicate the strengthening condition in #CL, so in the near term there is potential to test the nearest resistance level.

Key Levels

1. Resistance. 2 : 108.87

2. Resistance. 1 : 107.24

3. Pivot : 104.36

4. Support. 1 : 102.73

5. Support. 2 : 99.85

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 107.24, there is a likelihood of a move up toward 108.87.

Momentum Extension Bias: If 108.87 is breached to the upside, #CL may continue toward 111.75.

Invalidation Level / Bias Revision

The upside bias weakens if the price falls below 99.85.

Technical Summary

EMA(50) : 105.11

EMA(200): 102.25

RSI(14) : 67.71

Economic News Release Agenda:

In addition to the first day of the G7 meeting schedule, the United States will release the following economic data:

US - NAHB Housing Market Index - 21:00 WIB

US - TIC Long-Term Purchases - 03:00 WIB

Although the condition of Gold is still moving in a ranging pattern, but it has the potential to test its nearest resistance level, as confirmed by both EMAs which is forming a Golden Cross.

Key Levels

1. Resistance. 2 : 4843.55

2. Resistance. 1 : 4779.06

3. Pivot : 4708.50

4. Support. 1 : 4644.01

5. Support. 2 : 4573.45

Tactical Scenario

Positive Reaction Zone: If the price holds at 4708.50, there is a likelihood of a move up toward 4779.06.

Momentum Extension Bias: If 4779.06 is broken, 4843.55 becomes the next target.

Invalidation Level / Bias Revision

The upside bias weakens if Gold falls below 4573.45.

Technical Summary

EMA(50) : 4702.90

EMA(200): 4693.23

RSI(14) : 42.50

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Core PPI m/m - 19:30 WIB

US - PPI m/m -19:30 WIB

US - Crude Oil Inventories - 21:30 WIB

US - 30-y Bond Auction - 00:01 WIB

With technical indicator condition supporting the strength in Silver today, then XAG/USD has the potential in the near term to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 89.682

2. Resistance. 1 : 88.108

3. Pivot : 85.567

4. Support. 1 : 81.993

5. Support. 2 : 81.452

Tactical Scenario

Positive Reaction Zone: If the price holds above 85.567, there is a likelihood of a move up toward 88.108.

Momentum Extension Bias: If 88.108 is broken, 89.682 may be tested.

Invalidation Level / Bias Revision

The upside bias weakens if Silver falls below 81.452.

Technical Summary

EMA(50) : 85.448

EMA(200): 82.114

RSI(14) : 51.04

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Core PPI m/m - 19:30 WIB

US - PPI m/m -19:30 WIB

US - Crude Oil Inventories - 21:30 WIB

US - 30-y Bond Auction - 00:01 WIB

With RSI(14) indicator position in the Neutral-Bullish area and both EMAs which forming a Golden Cross, then there is potential for #NG to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 3.053

2. Resistance. 1 : 2.992

3. Pivot : 2.873

4. Support. 1 : 2.812

5. Support. 2 : 2.693

Tactical Scenario

Positive Reaction Zone: If #NG holds and does not break below 2.873, Natural Gas may move up toward 2.992.

Momentum Extension Bias: If 2.992 is broken out to the upside, there is potential to test 3.053.

Invalidation Level / Bias Revision

The upside bias weakens if price falls below 2.693.

Technical Summary

EMA(50) : 2.871

EMA(200): 2.805

RSI(14) : 64.23

Economic News Release Agenda:

Today the United States will release the following economic data:

US - NFIB Small Business Index - 17:00 WIB

US - ADP Weekly Employment Change - 19:15 WIB

US - Core CPI m/m - 19:30 WIB

US - CPI m/m - 19:30 WIB

US - CPI y/y - 19:30 WIB

US - 10-y Bond Auction - 00:01 WIB

US - Federal Budget Balance - 01:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With all technical conditions showing strength in #CL, then in the near term #CL has the potential to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 102.47

2. Resistance. 1 : 100.36

3. Pivot : 98.25

4. Support. 1 : 96.14

5. Support. 2 : 94.03

Tactical Scenario

Pressure Zone: If the price holds and does not break below 98.25, there is potential to move up toward 100.36.

Momentum Extension Bias: If 100.36 is also broken out to the upside, #CL could advance to 102.47.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks below 94.03.

EMA(50) : 98.03

EMA(200): 97.79

RSI(14) : 61.95

Economic News Release Agenda:

Today the United States will release the following economic data:

US - NFIB Small Business Index - 17:00 WIB

US - ADP Weekly Employment Change - 19:15 WIB

US - Core CPI m/m - 19:30 WIB

US - CPI m/m - 19:30 WIB

US - CPI y/y - 19:30 WIB

US - 10-y Bond Auction - 00:01 WIB

US - Federal Budget Balance - 01:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

With a Golden Cross condition on both EMAs and RSI(14) indicator in the Neutral-Bullish level area, then Platinum has the potential in the near term to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 2100.0

2. Resistance. 1 : 2084.0

3. Pivot : 2056.0

4. Support. 1 : 2040.0

5. Support. 2 : 2012.0

Tactical Scenario

Positive Reaction Zone: If #PLF breaks out above 2056.0, it is likely to move up toward 2084.0.

Momentum Extension Bias: If 2084.0 is broken, #PLF could test 2100.0.

Invalidation Level / Bias Revision

The upside bias weakens if #PLF breaks down below 2012.0.

Technical Summary

EMA(50) : 2055.9

EMA(200): 2038.6

RSI(14) : 56.03

Economic News Release Agenda :

Today the United States will release the following economic data:

US - Cleveland Fed Inflation Expectations - Tentative

US - Existing Home Sales - 21:00 WIB

With both EMAs condition forming a Death Cross, then #XPD/USD today has the potential to continue the weakening toward its nearest support level.

Level-Level Kunci

1. Resistance. 2 : 1527.35

2. Resistance. 1 : 1508.47

3. Pivot : 1487.84

4. Support. 1 : 1468.96

5. Support. 2 : 1448.33

Tactical Scenario

Pressure Zone: If 1468.96 is broken down, there is potential for continued weakness toward 1448.33.

Momentum Extension Bias: If 1448.33 is also broken to the downside, #XPD/USD may continue weakening toward 1429.45.

Invalidation Level / Bias Revision

The downside bias is restrained if #XPD/USD strengthens and breaks out above 1527.35.

Technical Summary

EMA(50) : 1488.12

EMA(200): 1502.64

RSI(14) : 56.94

Economic News Release Agenda :

Today the United States will release the following economic data:

US - Cleveland Fed Inflation Expectations - Tentative

US - Existing Home Sales - 21:00 WIB

The Golden Cross condition on both EMAs and RSI(14) indicator in the Neutral-Bullish level confirms the dominance of buyers, so in the near term there is a potential for #SPX to move toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 7432.90

2. Resistance. 1 : 7396.05

3. Pivot : 7331.60

4. Support. 1 : 7294.67

5. Support. 2 : 7230.22

Tactical Scenario

Positive Reaction Zone: If the price holds at 7331.60, there is a likelihood of a rise toward 7396.05.

Momentum Extension Bias: If 7396.05 is broken, #SPX may test 7432.90.

Invalidation Level / Bias Revision

The upside bias weakens if #SPX breaks down below 7

Technical Summary

EMA(50) : 7330.84

EMA(200): 7261.35

RSI(14) : 69.19

Economic News Release Agenda:

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

US - Challenger Job Cuts y/y - 18:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Prelim Nonfarm Productivity q/q - 19:30 WIB

US - Prelim Unit Labor Costs q/q - 19:30 WIB

US - Construction Spending m/m - 21:00 WIB

US - Natural Gas Storage - 21:30 WIB

US - Consumer Credit m/m - 02:00 WIB

With RSI(14) in the Neutral-Bullish level and both EMAs forming a Golden Cross intersection, then #NDX has the potential to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 29024.5

2. Resistance. 1 : 28805.2

3. Pivot : 28458.1

4. Support. 1 : 28238.8

5. Support. 2 : 27891.7

Tactical Scenario

Positive Reaction Zone: If the price holds at 28458.1, there is a likelihood of a rise toward 28805.2.

Momentum Extension Bias: If 28805.2 is broken, #NDX may move toward 29024.5.

Invalidation Level / Bias Revision

The upside bias weakens if #NDX breaks down below 27891.7.

Technical Summary

EMA(50) : 28415.4

EMA(200): 27961.2

RSI(14) : 62.22

Economic News Release Agenda:

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

US - Challenger Job Cuts y/y - 18:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Prelim Nonfarm Productivity q/q - 19:30 WIB

US - Prelim Unit Labor Costs q/q - 19:30 WIB

US - Construction Spending m/m - 21:00 WIB

US - Natural Gas Storage - 21:30 WIB

US - Consumer Credit m/m - 02:00 WIB

If we look at RSI(14) is in the Neutral-Bearish level, so that in the near future has the potential to test its nearest Support level.

Key Levels

1. Resistance. 2 : 98.70

2. Resistance. 1 : 98.58

3. Pivot : 98.43

4. Support. 1 : 98.31

5. Support. 2 : 98.16

Tactical Scenario

Pressure Zone: If the price breaks down below 98.31, there is potential for continued pressure toward 98.16.

Momentum Extension Bias: If 98.16 is broken

Invalidation Level / Bias Revision

The downside bias is restrained if the price breaks above 98.70.

Technical Summary

EMA(50) : 98.37

EMA(200): 98.36

RSI(14) : 37.78

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Non-Farm Employment Change - 19:15 WIB

US - Crude Oil Inventories - 21:30 WIB

With both EMAs forming a Death Cross intersection and RSI(14) indicator in the Neutral-Bearish level, then #USD/CHF has the potential to weaken again toward its nearest support level.

Key Levels

1. Resistance. 2 : 0.7863

2. Resistance. 1 : 0.7844

3. Pivot : 0.7828

4. Support. 1 : 0.7809

5. Support. 2 : 0.7793

Tactical Scenario

Pressure Zone: If the price breaks down below 0.7809, there is a potential for continued pressure toward 0.7793.

Momentum Extension Bias: If 0.7793 is also broken to the downside, there is a chance that the weakness will extend to 0.7774.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks and closes above 0.7863.

Technical Summary

EMA(50) : 0.7825

EMA(200): 0.7834

RSI(14) : 38.54

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Non-Farm Employment Change - 19:15 WIB

US - Crude Oil Inventories - 21:30 WIB

If we see both EMAs still forming a Golden Cross intersection, then today Crude Oil has the potential to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 112.20

2. Resistance. 1 : 108.65

3. Pivot : 103.88

4. Support. 1 : 100.33

5. Support. 2 : 95.56

Tactical Scenario

Positive Reaction Zone: If the price holds at 103.88, there is a high probability #CL will rise toward 108.65.

Momentum Extension Bias: If 108.65 is broken, #CL could extend gains to 112.20.

Invalidation Level / Bias Revision

The upside bias weakens if #CL falls below 95.56.

Technical Summary

EMA(50) : 104.22

EMA(200): 103.02

RSI(14) : 45.72

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Trade Balance - 19:30 WIB

US - Final Services PMI - 20:45 WIB

US - ISM Services PMI - 21:00 WIB

US - JOLTS Job Openings - 21:00 WIB

US - New Home Sales - 21:00 WIB

US - RCM/TIPP Economic Optimism - Tentative

US - API Weekly Statistical Bulletin - 03:30 WIB

With both EMAs condition forming a Golden Cross intersection, there is a potential today that Natural Gas will test its nearest resistance level.

Key Levels

1. Resistance. 2 : 2.959

2. Resistance. 1 : 2.907

3. Pivot : 2.831

4. Support. 1 : 2.779

5. Support. 2 : 2.703

Tactical Scenario

Positive Reaction Zone: If the price holds at 2.831, there is a chance of a move up toward 2.907.

Momentum Extension Bias: If 2.907 is broken, #NG could head toward 2.959.

Invalidation Level / Bias Revision

The upside bias weakens if the price falls below 2.703.

Technical Summary

EMA(50) : 2.835

EMA(200): 2.753

RSI(14) : 41.62

Agenda Rilis Berita Ekonomi:

Dari Amerika Serikat hari ini akan dirilis data-data eknonomi seperti berikut ini:

AS - Trade Balance - 19:30 WIB

AS - Final Services PMI - 20:45 WIB

AS - ISM Services PMI - 21:00 WIB

AS - JOLTS Job Openings - 21:00 WIB

AS - New Home Sales - 21:00 WIB

AS - RCM/TIPP Economic Optimism - Tentative

AS - API Weekly Statistical Bulletin - 03:30 WIB

With the EMAs condition which forms a Golden Cross intersection, confirms that Platinum's bullish bias still strengthen, so that in the near term it is likely to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 2057.2

2. Resistance. 1 : 2028.3

3. Pivot : 1997.7

4. Support. 1 : 1968.8

5. Support. 2 : 1938.2

Tactical Scenario

Positive Reaction Zone: If the price holds above 1997.7, there is a likelihood Platinum will move up toward 2028.3.

Momentum Extension Bias: If 2028.3 is broken, #PLF may test 2057.2.

Invalidation Level / Bias Revision

The upside bias weakens if Platinum falls and breaks below 1938.2.

Technical Summary

EMA(50) : 1995.5

EMA(200): 1978.6

RSI(14) : 48.03

Economic News Release Schedule:

Tonight the United States will release one economic data point: Factory Orders m/m at 21:00 WIB.

With the EMAs condition which is in a Golden Cross, then there is a potential for #XPD/USD to strengthen toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 1575.14

2. Resistance. 1 : 1548.39

3. Pivot : 1526.46

4. Support. 1 : 1500.21

5. Support. 2 : 1477.78

Tactical Scenario

Positive Reaction Zone: If #XPD/USD breaks above 1526.46, there is a likelihood of a move toward 1548.39.

Momentum Extension Bias: If 1548.39 is broken, XPD/USD may extend gains toward 1575.14.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks below 1477.78.

Technical Summary

EMA(50) : 1520.96

EMA(200): 1494.47

RSI(14) : 42.78

Economic News Release Schedule:

Tonight the United States will release one economic data point: Factory Orders m/m at 21:00 WIB.

Although #VIX is currently in a ranging condition, but the Death Cross intersection of both EMAs confirms that the seller pressure remains significant.

Key Levels

1. Resistance. 2: 21.15

2. Resistance. 1: 20.77

3. Pivot : 20.25

4. Support. 1 : 19.87

5. Support. 2 : 19.35

Tactical Scenario

Pressure Zone: If #VIX breaks down below 19.87, there is potential for continued pressure toward 19.87.

Momentum Extension Bias: If 19.87 is also breached, #VIX may continue weakening to 18.97.

Invalidation Level / Bias Revision

The downside bias is restrained if #VIX strengthens and breaks above 21.15.

Technical Summary

EMA (50): 20.16

EMA (200): 20.33

RSI (14): 54.33

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Advance GDP q/q - 19:30 WIB

US - Core PCE Price Index m/m - 19:30 WIB

US - Employment Cost Index q/q - 19:30 WIB

US - Advance GDP Price Index q/q - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - Chicago PM - 20:45 WIB

US - CB Leading Index m/m - 21:00 WIB

US - Natural Gas Storage - 21:30 WIB

Selling pressure still continue toward the nearest support level, which is confirmed by both EMAs forming a Death Cross.

Key Levels

1. Resistance. 2 : 77.822

2. Resistance. 1 : 75.443

3. Pivot : 73.717

4. Support. 1 : 71.328

5. Support. 2 : 69.612

Tactical Scenario

Pressure Zone: If the price breaks down below 71.328, there is potential for continued pressure toward 69.612.

Momentum Extension Bias: If 69.612 is breached, Silver could continue weakening to test 67.223.

Invalidation Level / Bias Revision

The downside bias is restrained if the price breaks out above 77.822.

Technical Summary

EMA(50) : 73.550

EMA(200): 75.126

RSI(14) : 56.53

Economic News Release Agenda:

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

US - Building Permits - 19:30 WIB

US - Core Durable Goods Orders m/m - 19:30 WIB

US- Durable Goods Orders m/m - 19:30 WIB

US - Goods Trade Balance - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Prelim Wholesale Inventories m/m - 19:30 WIB

US - Crude Oil Inventories - 21:30 WIB

US - Federal Funds Rate - 01:00 WIB

With both EMAs forming a Death Cross intersection, confirms that sellers remain dominant, so that Gold in the near term will bring Gold to move toward its nearest support level.

Key Levels

1. Resistance. 2 : 4763.45

2. Resistance. 1 : 4679.39

3. Pivot : 4616.83

4. Support. 1 : 4532.77

5. Support. 2 : 4470.21

Tactical Scenario

Pressure Zone: If the price breaks down below 4532.77, there is potential for continued pressure toward 4532.77.

Momentum Extension Bias: If 4532.77 is broken, Gold could move toward 4386.15.

Invalidation Level / Bias Revision

The downside bias is restrained if the price breaks out above 4763.45.

Technical Summary

EMA(50) : 4612.41

EMA(200): 4674.01

RSI(14) : 47.20

Economic News Release Agenda:

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

US - Building Permits - 19:30 WIB

US - Core Durable Goods Orders m/m - 19:30 WIB

US - Durable Goods Orders m/m - 19:30 WIB

US - Goods Trade Balance - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Prelim Wholesale Inventories m/m - 19:30 WIB

US - Crude Oil Inventories - 21:30 WIB

US - Federal Funds Rate - 01:00 WIB