Metal Commodity Technical Update - Gold mixed to higher while Silver in limited downside

Metal Commodity Technical Update Gold mixed to higher while Silver in limited downside Gold, 2,624.89 (+0.19%), Mixed to higher: The potential for an increase in gold prices remains visible, following a relatively strong long term uptrend pattern that has formed over the last 326 trading days. Statistically, the current price movement is within the range of +/ 1.90 standard deviations from the centerline of its downtrend channel. The r squared value stands at 0.9424, indicating that only around 5.76% of the price movements have deviated from the normal range, covering approximately 18.78 trading days. The CMO Optimized, RSI Optimized, and W%R Optimized indicators are still trending upward, with the price breaking above the 38 day optimized moving average from below, signaling a potential trigger for further increases. As a reference, the current trading range is 2,613.29 – 2,734.53. Silver, 29.24 ( 1.94%), Limited downside: The potential downside correction in silver prices appears to be increasingly limited, despite prices currently sitting below the lower band of a relatively strong long term uptrend that has formed over the last 316 trading days. Statistically, the current price movement is within the range of +/ 1.28 standard deviations from the centerline of its downtrend channel. The r squared value stands at 0.8017, indicating that approximately 19.83% of price movements have deviated from the normal range for about 63 trading days. The CMO Optimized indicator shows a tendency for further upward movement, while the RSI Optimized and W%R Optimized indicators indicate limited corrections and are already in the oversold area. Prices remain below the 8 day optimized moving average, suggesting there is still some potential for correction, although it is becoming more constrained. As a reference, the current trading range is 28.83 – 32.98. Stock Picks: ANTM, MDKA, ARCI, PSABN, UNTR, HRTA, BRMS. ( See Full Report: https://cdn.miraeasset.co.id/web research/uploads/250106%20(Mirae%20Asset%20Sekuritas%20Indonesia)%20Metal%20Commodity%20Technical%20Update 1736124230511.pdf ) ================================================================================================================= Mirae Asset Sekuritas Indonesia Metal Commodity Technical Update Metal Commodity Technical Update Gold mixed to higher while Silver in limited downside by Tasrul Tanar (tasrul@miraeasset.co.id) January 6, 2025 Metal Commodity Technical Update Gold mixed to higher while Silver in limited downside Gold, 2,624.89 (+0.19%), Mixed to higher: Potensi kenaikan harga emas masih terlihat, mengikuti pola uptrend jangka panjang yang relatif kuat yang telah terbentuk selama 326 hari perdagangan terakhir. Secara statistik, pergerakan harga saat ini berada di kisaran +/ 1,90 standar deviasi dari garis tengah downtrend channel nya. Nilai r squared tercatat sebesar 0,9424, yang menunjukkan bahwa hanya sekitar 5,76% pergerakan harga berada di luar rentang normal, mencakup sekitar 18,78 hari perdagangan. Indikator CMO Optimized, RSI Optimized, dan W%R Optimized masih menunjukkan tren naik, dengan harga menembus moving average optimized periode 38 hari dari bawah, yang mengindikasikan potensi pemicu kenaikan lebih lanjut. Sebagai acuan, rentang perdagangan saat ini berada di antara 2.613,29 – 2.734,53. Silver, 29.24 ( 1.94%), Limited downside: Potensi koreksi harga perak tampaknya semakin terbatas, meskipun harga saat ini berada di bawah lower band dari pola uptrend jangka panjang yang relatif kuat yang telah terbentuk selama 316 hari perdagangan terakhir. Secara statistik, pergerakan harga saat ini berada di kisaran +/ 1,28 standar deviasi dari garis tengah downtrend channel nya. Nilai r squared tercatat sebesar 0,8017, yang menunjukkan bahwa sekitar 19,83% pergerakan harga berada di luar rentang normalnya selama sekitar 63 hari perdagangan. Indikator CMO Optimized menunjukkan kecenderungan pergerakan naik lebih lanjut, sementara indikator RSI Optimized dan W%R Optimized menunjukkan koreksi yang terbatas dan telah berada di area oversold. Harga masih berada di bawah moving average optimized periode 8 hari, yang mengindikasikan masih adanya potensi koreksi, meskipun mulai terbatas. Sebagai acuan, rentang perdagangan saat ini berada di antara 28,83 – 32,98. Stock Picks: ANTM, MDKA, ARCI, PSABN, UNTR, HRTA, BRMS. ( See Full Report: https://cdn.miraeasset.co.id/web research/uploads/250106%20(Mirae%20Asset%20Sekuritas%20Indonesia)%20Metal%20Commodity%20Technical%20Update 1736124230511.pdf )

-Vodjo
Jul 28, 2026

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Daily ReportAndreas Saragih
Jul 15, 2026

EN testing title - Microsoft Word including versions

ID Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since 1966, when designers at Letraset and James Mosley, the librarian at St Bride Printing Library in London, took a 1914 Cicero translation and scrambled it to make dummy text for Letraset's Body Type sheets. It has survived not only many decades, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised thanks to these sheets and more recently with desktop publishing software like Aldus PageMaker and Microsoft Word including versions of Lorem Ipsum.

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Jul 10, 2026

Research

Metal Commodity Technical Update - Gold mixed to higher while Silver in limited downside

Metal Commodity Technical Update Gold mixed to higher while Silver in limited downside Gold, 2,624.89 (+0.19%), Mixed to higher: The potential for an increase in gold prices remains visible, following a relatively strong long term uptrend pattern that has formed over the last 326 trading days. Statistically, the current price movement is within the range of +/ 1.90 standard deviations from the centerline of its downtrend channel. The r squared value stands at 0.9424, indicating that only around 5.76% of the price movements have deviated from the normal range, covering approximately 18.78 trading days. The CMO Optimized, RSI Optimized, and W%R Optimized indicators are still trending upward, with the price breaking above the 38 day optimized moving average from below, signaling a potential trigger for further increases. As a reference, the current trading range is 2,613.29 – 2,734.53. Silver, 29.24 ( 1.94%), Limited downside: The potential downside correction in silver prices appears to be increasingly limited, despite prices currently sitting below the lower band of a relatively strong long term uptrend that has formed over the last 316 trading days. Statistically, the current price movement is within the range of +/ 1.28 standard deviations from the centerline of its downtrend channel. The r squared value stands at 0.8017, indicating that approximately 19.83% of price movements have deviated from the normal range for about 63 trading days. The CMO Optimized indicator shows a tendency for further upward movement, while the RSI Optimized and W%R Optimized indicators indicate limited corrections and are already in the oversold area. Prices remain below the 8 day optimized moving average, suggesting there is still some potential for correction, although it is becoming more constrained. As a reference, the current trading range is 28.83 – 32.98. Stock Picks: ANTM, MDKA, ARCI, PSABN, UNTR, HRTA, BRMS. ( See Full Report: https://cdn.miraeasset.co.id/web research/uploads/250106%20(Mirae%20Asset%20Sekuritas%20Indonesia)%20Metal%20Commodity%20Technical%20Update 1736124230511.pdf ) ================================================================================================================= Mirae Asset Sekuritas Indonesia Metal Commodity Technical Update Metal Commodity Technical Update Gold mixed to higher while Silver in limited downside by Tasrul Tanar (tasrul@miraeasset.co.id) January 6, 2025 Metal Commodity Technical Update Gold mixed to higher while Silver in limited downside Gold, 2,624.89 (+0.19%), Mixed to higher: Potensi kenaikan harga emas masih terlihat, mengikuti pola uptrend jangka panjang yang relatif kuat yang telah terbentuk selama 326 hari perdagangan terakhir. Secara statistik, pergerakan harga saat ini berada di kisaran +/ 1,90 standar deviasi dari garis tengah downtrend channel nya. Nilai r squared tercatat sebesar 0,9424, yang menunjukkan bahwa hanya sekitar 5,76% pergerakan harga berada di luar rentang normal, mencakup sekitar 18,78 hari perdagangan. Indikator CMO Optimized, RSI Optimized, dan W%R Optimized masih menunjukkan tren naik, dengan harga menembus moving average optimized periode 38 hari dari bawah, yang mengindikasikan potensi pemicu kenaikan lebih lanjut. Sebagai acuan, rentang perdagangan saat ini berada di antara 2.613,29 – 2.734,53. Silver, 29.24 ( 1.94%), Limited downside: Potensi koreksi harga perak tampaknya semakin terbatas, meskipun harga saat ini berada di bawah lower band dari pola uptrend jangka panjang yang relatif kuat yang telah terbentuk selama 316 hari perdagangan terakhir. Secara statistik, pergerakan harga saat ini berada di kisaran +/ 1,28 standar deviasi dari garis tengah downtrend channel nya. Nilai r squared tercatat sebesar 0,8017, yang menunjukkan bahwa sekitar 19,83% pergerakan harga berada di luar rentang normalnya selama sekitar 63 hari perdagangan. Indikator CMO Optimized menunjukkan kecenderungan pergerakan naik lebih lanjut, sementara indikator RSI Optimized dan W%R Optimized menunjukkan koreksi yang terbatas dan telah berada di area oversold. Harga masih berada di bawah moving average optimized periode 8 hari, yang mengindikasikan masih adanya potensi koreksi, meskipun mulai terbatas. Sebagai acuan, rentang perdagangan saat ini berada di antara 28,83 – 32,98. Stock Picks: ANTM, MDKA, ARCI, PSABN, UNTR, HRTA, BRMS. ( See Full Report: https://cdn.miraeasset.co.id/web research/uploads/250106%20(Mirae%20Asset%20Sekuritas%20Indonesia)%20Metal%20Commodity%20Technical%20Update 1736124230511.pdf )

-Vodjo
DownloadJul 28, 2026

Structural challenges keep risk premiums elevated

While Indonesia’s economic performance pillar remained relatively resilient at 24th globally, the deterioration was mainly driven by weaker government and business efficiency, infrastructure quality, and institutional effectiveness, underscoring that investor decisions are increasingly influenced by governance, regulatory certainty, and productivity rather than market size alone. The latest ranking reinforces concerns over Indonesia’s long term investment competitiveness, particularly as neighboring economies such as Vietnam continue to strengthen their position as regional manufacturing hubs.

Fixed Income Daily UpdateJessica Tasijawa
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Indonesia retains EM status, but T&C apply. MSCI kept Indonesia in the EM index, easing a months long overhang and protecting more than USD8bn of benchmarked foreign ownership, though the reprieve carries a further review up to November 2026 should reform momentum stall, a remote tail that could extend to a Frontier consultation. The selling that preceded it shows how much was already priced, with over IDR70tr ( USD4bn) of outflows YTD excluding the QIR rebalancing and the country weight down to below 0.5% from 1.2%, the lowest in a decade.

Daily ReportWilbert Arifin
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Investment 101