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

EU Session Analysis for CFD Instruments 07/01/2021

Fundamental analysis

07 January, 2021

Gold tried to recover on Thursday, trading above the mark of 1900. Gold prices got obliterated in the European afternoon once it became apparent that the Democrats would soon control the White House and both Houses of Congress. The prospect of imminent record fiscal stimulus is sending bond yields rising and offering some competition for the safe haven yellow metal.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 07/01/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 07/01/2021

Support & Resistance Level Explanation
Resistance 2 1944.25 Daily R2
Resistance 1 1935.40 Daily R1
Support 1 1911.80 Daily S1
Support 2 1902.95 Daily S2

GOLD Indicator Table - 07/01/2021

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

GOLD Indicator / Period Table - 07/01/2021

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

GOLD 07/01/2021 - Reference Price : 1923.60

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