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 08/02/2021

Fundamental analysis

08 February, 2021

Gold prices were little changed on Monday as the dollar's slide paused and economic revival hopes boosted equities, weighing on bullion's safe-haven appeal. The dollar steadied after retreating from a more than two-month peak hit on Friday. A weaker dollar makes bullion cheaper for buyers with other currencies. Also pressuring gold were benchmark 10-year Treasury yields hovering near their highest since March last year. Higher yields increase the opportunity cost of holding non-yielding bullion.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 08/02/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 08/02/2021

Support & Resistance Level Explanation
Resistance 2 1842.05 Daily R2
Resistance 1 1833.80 Daily R1
Support 1 1811.80 Daily S1
Support 2 1803.55 Daily S2

GOLD Indicator Table - 08/02/2021

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

GOLD Indicator / Period Table - 08/02/2021

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

GOLD 08/02/2021 - Reference Price : 1822.80

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