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 08/09/2022

Fundamental analysis

08 September, 2022

Gold prices are relatively steady today, as yields remained lower and steadied gold prices. Markets wait for Federal Reserve Chair Powell to speak about the Federal Reserve’s stance on interest rates and inflation. Additionally, the European Central Bank is also set to make a decision on Interest Rates, where a strong hawkish stance could also push Gold to test its strong support of $1700.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 08/09/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 08/09/2022

Support & Resistance Level Explanation
Resistance 2 1738.13 Daily R2
Resistance 1 1731.82 Daily R1
Support 1 1714.98 Daily S1
Support 2 1708.67 Daily S2

GOLD Indicator Table - 08/09/2022

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

GOLD Indicator / Period Table - 08/09/2022

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

GOLD 08/09/2022 - Reference Price : 1723.82

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