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 02/10/2023

Fundamental analysis

02 October, 2023

Gold spot price is trading lower today at 1831.91. Gold price is extending its losing streak into the sixth straight day on Monday, as the US Dollar is looking to find fresh demand amid a cautious mood even though the United States averted a government shutdown. The US Congress late on Saturday voted to pass a stopgap funding bill, with overwhelming Democratic support in a bid to avoid the federal government's fourth partial shutdown in a decade.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 02/10/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 02/10/2023

Support & Resistance Level Explanation
Resistance 2 1850.42 Daily R2
Resistance 1 1843.48 Daily R1
Support 1 1824.96 Daily S1
Support 2 1818.02 Daily S2

GOLD Indicator Table - 02/10/2023

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 - 02/10/2023

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

GOLD 02/10/2023 - Reference Price : 1834.22

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