Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

Gold prices traded higher on Friday during the European session as U.S. dollar slipped on expectations that the Federal Reserve may pause interest rates hike this year if the global economy continues to slow. Fed Chairman Jerome Powell reiterated on Thursday that the central bank could afford to be patient on monetary policy, and downplayed suggestions that interest rates would be hiked twice more in 2019. Fed Vice Chairman Richard Clarida echoed his comment on Thursday. Lower interest rates tend to support Gold prices as bullion is a non-yielding asset.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 1300.76 Daily R2
Resistance 1 1297.76 Daily R1
Support 1 1287.76 Daily S1
Support 2 1284.76 Daily S2

GOLD Indicator Table - 11/01/2019

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

GOLD Indicator / Period Table - 11/01/2019

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

GOLD 11/01/2019 - Reference Price : 1292.76

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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