Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

Gold traded higher during the Asian session on Friday at 1293.79 after Federal Reserve Chairman Jerome Powell reiterated on Thursday the central bank will be "patient," with rate hikes as it weighs the pace of global growth and domestic inflation. The Greenback also traded lower providing support for the precious metal, since Gold and the dollar tend to have an inverse relationship since the former is calculated in the latter. Lower interest rates also tend to favour Gold since the commodity is a non yielding asset.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 1301.18 Daily R2
Resistance 1 1298.11 Daily R1
Support 1 1288.18 Daily S1
Support 2 1285.18 Daily S2

GOLD Indicator Table - 11/01/2019

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

GOLD Indicator / Period Table - 11/01/2019

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

GOLD 11/01/2019 - Reference Price : 1293.19

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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