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 08/03/2021

Fundamental analysis

08 March, 2021

Gold prices retreated on Monday, halting a rebound from a nine-month low touched last week, as the dollar firmed with U.S. bond yields resuming their climb, denting bullion's appeal. The dollar climbed to a three-month peak, while U.S. 10-year Treasury yields held close to an over one-year high, increasing the opportunity cost of holding gold, which pays no interest.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 08/03/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 08/03/2021

Support & Resistance Level Explanation
Resistance 2 1714.44 Daily R2
Resistance 1 1704.71 Daily R1
Support 1 1678.77 Daily S1
Support 2 1669.04 Daily S2

GOLD Indicator Table - 08/03/2021

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

GOLD Indicator / Period Table - 08/03/2021

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

GOLD 08/03/2021 - Reference Price : 1691.74

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