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 10/02/2022

Fundamental analysis

10 February, 2022

Gold prices were stuck in a tight range on Thursday as investors cautiously awaited U.S. inflation data that could offer fresh clues about the pace of the Federal Reserve's monetary policy tightening. . Investors will watch consumer price data on Thursday for clues on the Federal Reserve's plans to hike interest rates. An unexpectedly strong jobs report last week raised concerns of a more aggressive move by the central bank. Inflation is forecast at a four-decade high of 7.3%.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 10/02/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 10/02/2022

Support & Resistance Level Explanation
Resistance 2 1844.24 Daily R2
Resistance 1 1839.28 Daily R1
Support 1 1826.06 Daily S1
Support 2 1821.10 Daily S2

GOLD Indicator Table - 10/02/2022

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 - 10/02/2022

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

GOLD 10/02/2022 - Reference Price : 1832.67

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