e-ISSN: 2723-6692 p-ISSN: 2723-6595
Journal of Indonesian Social Sciences, Vol. 5, No. 10, October 2024 2594
Based on the results of fundamental analysis, traders know that the results of economic news
from the United States have a good impact on economic growth, namely an increase in salaries for
employees in the non-agricultural sector, and according to him the percentage of the unemployment
rate compared to the previous month. These two positive results will directly strengthen the USD
price index against the price of gold, thereby directly making the price of gold decrease against the
USD.
Based on the results of technical analysis, traders know that the price is already at the oversold
point based on the stochastic and MACD indicators. The price already tends to be high; according to
the MACD and stochastic indicators, the price will undergo an adjustment or decrease because it is
too high, so it is better not to take a long position but to make a sell position transaction that has a
better chance of getting a profit based on the chart.
Based on the results of both fundamental and technical analysis, traders should make sell
transactions because both fundamental and technical analysis shows that the price will fall.
Therefore, the tendency to profit is higher when trading short positions than when buying.
In addition, taking a short position based on the results of the fundamental and technical
analysis also makes implementing Risk management easier because the position taken is in line with
the trend and in accordance with the results of the analysis carried out.
Conclusion
From the description above, the author draws several conclusions that are expected to
represent this study's essence, namely that fundamental and technical analysis is the single best tool
for decision-making in gold futures trading. Decision-making in gold transactions in futures trading
should be based on fundamental and technical analysis at a minimum. Decision-making based solely
on the results of one analysis alone can be fatal. Various sources of fundamental analysis and technical
analysis tools can be used as a decision-making tool in gold futures trading.
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