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 11/10/2021

Fundamental analysis

11 October, 2021

Gold eased slightly on Monday as the dollar firmed on expectations that the Federal Reserve would move forward with its plans to taper economic support despite U.S. September jobs data falling short of forecasts. Bullion rallied to its highest since Sept. 22 on Friday after the latest U.S. payrolls report, but pared gains as investors came to terms with the possibility the Fed could still have enough fodder to start weaning the economy off stimulus.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 11/10/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 11/10/2021

Support & Resistance Level Explanation
Resistance 2 1769.03 Daily R2
Resistance 1 1762.74 Daily R1
Support 1 1745.98 Daily S1
Support 2 1739.69 Daily S2

GOLD Indicator Table - 11/10/2021

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

GOLD Indicator / Period Table - 11/10/2021

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

GOLD 11/10/2021 - Reference Price : 1754.36

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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