CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 09/10/2023

Fundamental analysis

09 October, 2023

Gold spot price is trading higher today at 1851.8.
Gold price continues to move on an upward trajectory, trading higher around $1,850 per troy ounce during the European session on Monday. The prices of Gold are receiving upward support due to risk aversion, which could be attributed to the Palestine-Israel military conflict.
The ongoing military conflict in the Middle East between Hamas and Israel is being closely watched by the markets. The worry is that the conflict could intensify and extend to other parts of the region, introducing geopolitical uncertainties that might have repercussions on global markets.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 09/10/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 09/10/2023

Support & Resistance Level Explanation
Resistance 2 1864.03 Daily R2
Resistance 1 1857.94 Daily R1
Support 1 1841.68 Daily S1
Support 2 1835.59 Daily S2

GOLD Indicator Table - 09/10/2023

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

GOLD Indicator / Period Table - 09/10/2023

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

GOLD 09/10/2023 - Reference Price : 1849.81

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