CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 22/11/2023

Fundamental analysis

22 November, 2023

Gold price is trading higher around 2000 early Wednesday. Gold futures climbed Wednesday, topping $2,000 an ounce and headed for their highest finish since late October. Strong central bank buying of the precious metal, along with signs of easing U.S. inflation that lifted expectations for an end to the Federal Reserve’s interest-rate hikes, provided the support the precious metal needed to trade above that key price level.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 22/11/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 22/11/2023

Support & Resistance Level Explanation
Resistance 2 2017.06 Daily R2
Resistance 1 2010.30 Daily R1
Support 1 1992.28 Daily S1
Support 2 1985.52 Daily S2

GOLD Indicator Table - 22/11/2023

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

GOLD Indicator / Period Table - 22/11/2023

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyNeutral
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GOLD 22/11/2023 - Reference Price : 2001.29

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