CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 01/12/2021

Fundamental analysis

01 December, 2021

Gold rose on Wednesday, as softer bond yields and uncertainty about economic growth due to the Omicron variant of coronavirus lifted its appeal. Gold fell to a one-month low on Tuesday after Federal Reserve Chair Jerome Powell said the Fed will discuss whether to end bond purchases earlier than previously anticipated in its December meeting and the word "transitory" is no longer the most accurate term to describe inflation.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 01/12/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 01/12/2021

Support & Resistance Level Explanation
Resistance 2 1802.18 Daily R2
Resistance 1 1795.14 Daily R1
Support 1 1776.38 Daily S1
Support 2 1769.34 Daily S2

GOLD Indicator Table - 01/12/2021

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

GOLD Indicator / Period Table - 01/12/2021

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

GOLD 01/12/2021 - Reference Price : 1785.76

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