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 16/12/2022

Fundamental analysis

16 December, 2022

Gold prices were flat on Friday and set for a weekly loss, pressured by expectations of higher interest rates for a longer period by the U.S. Federal Reserve. The Fed on Wednesday raised interest rates by 50 basis points as expected, but Fed Chair Jerome Powell said the central bank would deliver more rate hikes next year even as the economy slips towards a recession.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 16/12/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 16/12/2022

Support & Resistance Level Explanation
Resistance 2 1801.52 Daily R2
Resistance 1 1793.58 Daily R1
Support 1 1772.42 Daily S1
Support 2 1764.48 Daily S2

GOLD Indicator Table - 16/12/2022

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

GOLD Indicator / Period Table - 16/12/2022

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Neutral NeutralNeutral
SMA 20 Sell BuySell

GOLD 16/12/2022 - Reference Price : 1782.66

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