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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

Gold prices steadied on Tuesday near the nine-month high while the U.S. dollar was near flat as traders assessed the latest news on the trade front. Investor sentiment slightly improved on Tuesday after White House adviser Kellyanne Conway told Fox News that U.S. President Donald Trump wants to meet with his Chinese counterpart Xi Jinping “very soon.” Despite the positive comments from the U.S. side, hopes for a quick resolution don't look too promising, with U.S. negotiators pressing China on longstanding demands, including reparations for alleged theft of U.S. intellectual property. The lack of a planned meeting before the deadline between the two presidents has also dampened hopes for a successful trade deal.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 1320.82 Daily R2
Resistance 1 1317.82 Daily R1
Support 1 1307.82 Daily S1
Support 2 1304.82 Daily S2

GOLD Indicator Table - 12/02/2019

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

GOLD Indicator / Period Table - 12/02/2019

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

GOLD 12/02/2019 - Reference Price : 1312.92

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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