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 02/02/2022

Fundamental analysis

02 February, 2022

Gold prices edged lower on Wednesday, moving away from the key psychological level of $1,800, as risk appetite spurred by less hawkish comments from U.S. Federal Reserve officials outweighed support from lower Treasury yields. Although gold is considered a hedge against inflation, rate hikes would raise the opportunity cost of holding non-yielding bullion.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 02/02/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 02/02/2022

Support & Resistance Level Explanation
Resistance 2 1812.44 Daily R2
Resistance 1 1805.76 Daily R1
Support 1 1787.98 Daily S1
Support 2 1781.30 Daily S2

GOLD Indicator Table - 02/02/2022

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

GOLD Indicator / Period Table - 02/02/2022

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Sell NeutralBuy
RSI (14) Buy SellBuy
SMA 20 Buy SellBuy

GOLD 02/02/2022 - Reference Price : 1796.87

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