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 07/07/2021

Fundamental analysis

07 July, 2021

Gold prices edged higher on Wednesday and were on course for a sixth straight session of gains, driven by a dip in U.S. Treasury yields ahead of minutes from the Federal Reserve’s June meeting that could provide more clues on the policy stance. Benchmark 10-year Treasury yields hit their lowest in more than four months, reducing the opportunity cost of holding bullion. Focus at the moment is on minutes from the Fed’s latest meeting, due at 1800 GMT, which could shed more light on the interest rate trajectory after a hawkish tilt by the U.S. central bank last month.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 07/07/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 07/07/2021

Support & Resistance Level Explanation
Resistance 2 1821.08 Daily R2
Resistance 1 1815.39 Daily R1
Support 1 1800.25 Daily S1
Support 2 1794.56 Daily S2

GOLD Indicator Table - 07/07/2021

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 - 07/07/2021

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

GOLD 07/07/2021 - Reference Price : 1807.82

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