Gold - Usd Dollar Analysis

Evening Analysis for CFD Instruments 06/12/2018

Fundamental analysis

06 December, 2018

Gold traded slightly lower on Thursday as the dollar continued to trade lower after the Greenback suffered heavier losses earlier in the session. Even though stocks look set for a poor day, risk averse investors have not provided support for the precious metal which has the status of a safe haven asset. Investors are meanwhile looking ahead to comments from Fed Chair Powell later this evening for any potential comments on rates, while interest rates are expected to rise this month when the Fed meets. Higher rates tend to put pressure on Gold since the precious metal does not provide any yield.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 06/12/2018
Time Frame: 1 hour

GOLD Support & Resistance Table - 06/12/2018

Support & Resistance Level Explanation
Resistance 2 1244.18 Daily R2
Resistance 1 1241.30 Daily R1
Support 1 1231.96 Daily S1
Support 2 1228.29 Daily S2

GOLD Indicator Table - 06/12/2018

Indicator Signal
SMA 20 Sell
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Neutral
Stochastic ( 9;6;3) Buy

GOLD Indicator / Period Table - 06/12/2018

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuySell
RSI (14) Neutral BuyBuy
SMA 20 Sell BuyBuy

GOLD 06/12/2018 - Reference Price : 1236.08

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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