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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 09/10/2019

Fundamental analysis

09 October, 2019

Gold traded lower on Wednesday despite uncertainty over U.S.-China trade talks and Britain’s exit from the European Union, ahead of minutes from the U.S. Federal Reserve’s September meeting, which could shed light on future interest rate cuts. The United States on Tuesday imposed visa restrictions on Chinese officials for the detention or abuse of Muslim minorities ahead of high-level trade talks on Thursday. U.S. President Donald Trump has said tariffs on Chinese imports will rise on Oct. 15 if no progress is made in the negotiations. Investors are now awaiting the U.S. Federal Open Market Committee’s minutes from its September meeting for clues on further monetary policy easing.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 09/10/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 09/10/2019

Support & Resistance Level Explanation
Resistance 2 1532.81 Daily R2
Resistance 1 1519.50 Daily R1
Support 1 1486.08 Daily S1
Support 2 1474.18 Daily S2

GOLD Indicator Table - 09/10/2019

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

GOLD Indicator / Period Table - 09/10/2019

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Sell NeutralBuy
SMA 20 Sell NeutralBuy

GOLD 09/10/2019 - Reference Price : 1502.25

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