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. 70.41% 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 05/02/2021

Fundamental analysis

05 February, 2021

Gold rose on Friday, but was set for its worst weekly dip in four as investors continued to bank on the dollar with U.S. Treasury yields also gaining. The SPDR Gold Trust, the largest gold-back ETF, saw its highest inflows since Jan. 15, on Feb. 4. But for the week, gold has shed 2.2% so far, which would be its biggest decline since the week ended Jan. 8. Gold's status as a hedge against inflation from widespread stimulus has been challenged by higher yields because they increase the opportunity cost of holding non-yielding bullion.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 05/02/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 05/02/2021

Support & Resistance Level Explanation
Resistance 2 1824.39 Daily R2
Resistance 1 1816.14 Daily R1
Support 1 1794.14 Daily S1
Support 2 1785.89 Daily S2

GOLD Indicator Table - 05/02/2021

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

GOLD Indicator / Period Table - 05/02/2021

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

GOLD 05/02/2021 - Reference Price : 1805.14

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