Gold - Usd Dollar Analysis

Morning Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

Gold prices rose 0.25% on Tuesday to test a session low of 1311.29. Gold dropped on Monday as investors awaited news of progress in trade talks between Washington and Beijing, while the dollar's strength continued to make the metal more expensive for non-dollar-based investors. The dollar extended Monday’s gains, as concerns about a trade deal with China and an economic slowdown in Europe sent investors into the safe-haven currency. China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. Later this afternoon, US JOLTs Job Openings for December will be released. Also this afternoon, Fed Chair Jerome Powell will speak on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 1317.03 Daily R2
Resistance 1 1314.03 Daily R1
Support 1 1304.03 Daily S1
Support 2 1301.03 Daily S2

GOLD Indicator Table - 12/02/2019

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

GOLD Indicator / Period Table - 12/02/2019

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

GOLD 12/02/2019 - Reference Price : 1309.05

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