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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 02/12/2019

Fundamental analysis

02 December, 2019

Gold fell on Monday after better-than-expected manufacturing data from China assuaged fears of a slowdown in global growth while deficit-ridden auto catalyst metal palladium soared to an all-time high.

Gold is considered a safe store of value at times of political or economic uncertainty. Gold has risen more than 13% this year mainly due to the trade dispute driving demand for safe assets.

Demand for the metal was further pressured by the rising dollar, making dollar-denominated bullion more expensive for buyers using other currencies.

Technical analysis

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

GOLD Support & Resistance Table - 02/12/2019

Support & Resistance Level Explanation
Resistance 2 1467.55 Daily R2
Resistance 1 1462.91 Daily R1
Support 1 1453.00 Daily S1
Support 2 1448.87 Daily S2

GOLD Indicator Table - 02/12/2019

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

GOLD Indicator / Period Table - 02/12/2019

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

GOLD 02/12/2019 - Reference Price : 1457.59

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