CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 01/02/2021

Fundamental analysis

01 February, 2021

Gold and silver rose on Monday with prices having risen for a 2nd consecutive week signalling that the precious metal is attempting to form a base. The Federal Reserve showed little signs of taking the foot of the (stimulus) gas with Chair Powell emphasising that the pandemic presents considerable downside risks in the near term.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 01/02/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 01/02/2021

Support & Resistance Level Explanation
Resistance 2 1870.69 Daily R2
Resistance 1 1865.29 Daily R1
Support 1 1850.89 Daily S1
Support 2 1845.49 Daily S2

GOLD Indicator Table - 01/02/2021

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 - 01/02/2021

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

GOLD 01/02/2021 - Reference Price : 1858.09

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