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 17/11/2021

Fundamental analysis

17 November, 2021

Gold prices rose on Wednesday as concern about inflation kept some investors on edge, while expectations that rising prices may prompt central banks to increase interest rates strengthened the dollar and capped bullion’s advance. Higher interest rates raise the opportunity cost of holding non-interest bearing gold. Clipping gains in gold, the U.S. dollar, which also contends with gold as a safe-store of value, strengthened after better-than-expected U.S. retail data, making the metal expensive for overseas buyers..

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 17/11/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 17/11/2021

Support & Resistance Level Explanation
Resistance 2 1879.64 Daily R2
Resistance 1 1871.56 Daily R1
Support 1 1850.04 Daily S1
Support 2 1841.96 Daily S2

GOLD Indicator Table - 17/11/2021

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 - 17/11/2021

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

GOLD 17/11/2021 - Reference Price : 1860.80

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