CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 10/06/2021

Fundamental analysis

10 June, 2021

Gold prices retreated on Thursday as the dollar ticked higher, with investors staying on the sidelines ahead of the European Central Bank meeting and U.S. inflation data later in the day. The dollar index edged up slightly to trade near 90.195 against its rivals, making gold more expensive for other currency holders. All eyes are on U.S. consumer price index data after last month’s report showed consumer prices increased by the most in nearly 12 years in April. Economists polled by Reuters have estimated the CPI advanced 0.4% in May.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 10/06/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 10/06/2021

Support & Resistance Level Explanation
Resistance 2 1898.56 Daily R2
Resistance 1 1890.47 Daily R1
Support 1 1868.89 Daily S1
Support 2 1860.80 Daily S2

GOLD Indicator Table - 10/06/2021

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 - 10/06/2021

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

GOLD 10/06/2021 - Reference Price : 1879.68

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