Analisa Harian - Weltrade MY

Mastery Trade XAUUSD 10 Jan 2023 for Fundamental Analysis and Technical Analysis

Gold : Fundamental Factors

1) A cooling labor market is boosting hopes for a slower rate hike pace, though officials from the Fed have made it clear they intend to keep rates elevated this year in a bid to tame inflation.

2) Analysts expecting the CPI data to show moderation on prices compared to the same time one year ago.

3) Oil prices rose Friday, helped by the news of the reopening of China’s borders, for the first time in three years, boosting the outlook for fuel demand growth in the world’s largest crude importer.

Trend is Bullish

Fundamental Range : 1,867.95 – 1887.45

(Disclaimer: The range can be more or lesser however it will definately cross this range for the daily.) (Safe range provided)

Gold : Technical Analysis

Check at Daily Timeframe Support and Resistance for Fibonacci.

Check based on the current timing for the Support and Resistance when you want to go into trade.

Resistance Area : 1878.58,1881.97,1887.45
Support Area : 1867.62,1864.23,1858.75
Pivot point : 1873.10

Confirm with technical indicators and based on your own technical analysis for the trend.

Check to get more info on what most indicator would display

Check higher timeframe also for more confirmation for entry in Daily timeframe.

The technical indicator display strong buy in Daily and strong buy in weekly and buy in monthly timeframe.

Use linear regression to get confirmation trend at daily as they are not available in

Linear regression shows a uptrend at the daily timeframe .Can check linear regression trend in weekly and monthly for more confirmation.For weekly, it is downtrend and for monthly,it is showing uptrend.

Use Bolinger Band Strategy Tester and RSI Strategy Tester to get more confirmation for the trend and percent profitable.Check at bigger timeframe also such as weekly and monthly.

Ensure that both RSI strategy and Bolinger Band Strategy gives above 50%. for the percent profitable

RSI strategy tester and Bolinger Band Strategy Tester at the daily and weekly has percentage higher than 50% , supporting towards neutral or slight downtrend compare to the other timeframe such as Monthly.

Gold : Find buy at the support 1 at 1867.62 and take profit will be at the third resistance point 1887.45 (SEE CURRENT MARKET PRICE WHEN ENTRY)

Fundamental and Technical analysis must be aligned

For further information, contact me ,Gurmit at +60142584067, I will guide anyone who wants to register with Weltrade. You can register at the link below. Thank you.

DISCLAIMER :This analysis is based on and You may follow based on your own discreetion.

Can join at our telegram group Education and Signal at

For traders who want to trade on their own can join Weltrade, we provide benefits for traders out there, learn to trade and follow free signals such as free paid signal providers, bookmap gold and tradingview premium live.

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Join us at our zoom for online learning from 10.30am to 11.30am by the Financial Markets Research Center (FMRC) team. With Cikgu Gurmit


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