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 11/10/2022

Fundamental analysis

11 October, 2022

Gold prices extended their falls to a fifth session on Tuesday, pressured by gains in the U.S. dollar and Treasury yields, while caution also set in ahead of inflation data due later this week. After stronger-than-expected U.S. labour data, market focus is now on Thursday's inflation reading, which is expected to remain stubbornly high and reinforce the Federal Reserve's hawkish rhetoric. While gold is considered a hedge against inflation and economic uncertainties, rising interest rates reduce the non-yielding metal's appeal.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 11/10/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 11/10/2022

Support & Resistance Level Explanation
Resistance 2 1682.34 Daily R2
Resistance 1 1674.17 Daily R1
Support 1 1652.35 Daily S1
Support 2 1644.18 Daily S2

GOLD Indicator Table - 11/10/2022

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

GOLD Indicator / Period Table - 11/10/2022

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

GOLD 11/10/2022 - Reference Price : 1663.26

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