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 04/10/2021

Fundamental analysis

04 October, 2021

Gold prices held steady below a one-week high on Monday as lingering concerns over higher inflation and a slowdown in economic growth countered pressure from a firmer dollar. The dollar index was steady and rebounded from its lowest level since Sept. 29 hit earlier in the day, making gold more expensive for buyers holding other currencies. Offsetting pressure from the stronger dollar were concerns over persistent inflation, with data on Friday showing euro zone inflation hit a 13-year high last month and elevated price spikes in the United States.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 04/10/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 04/10/2021

Support & Resistance Level Explanation
Resistance 2 1766.51 Daily R2
Resistance 1 1759.01 Daily R1
Support 1 1738.99 Daily S1
Support 2 1731.49 Daily S2

GOLD Indicator Table - 04/10/2021

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

GOLD Indicator / Period Table - 04/10/2021

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

GOLD 04/10/2021 - Reference Price : 1749.00

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