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 11/02/2021

Fundamental analysis

11 February, 2021

Gold edged lower on Thursday as the dollar recovered and softer U.S. inflation data dampened the bullion's appeal as a hedge against inflation. The dollar attempted a rebound from a two week low hit in the previous session, while benchmark 10-year U.S. Treasury yields also steadied. Gold has also lost some support due to a weaker U.S. inflation data as it shows there is not much of inflation down the road. The U.S. Consumer Price Index for January came in lower than expected. U.S. Federal Reserve Chair Jerome Powell in a speech on Wednesday emphasised on the need for fiscal policy and said it is the not the right time to focus on federal debt issues.Investors kept a close watch on the developments on the passage of a $1.9 trillion U.S. relief bill.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 11/02/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 11/02/2021

Support & Resistance Level Explanation
Resistance 2 1851.56 Daily R2
Resistance 1 1845.58 Daily R1
Support 1 1829.64 Daily S1
Support 2 1823.66 Daily S2

GOLD Indicator Table - 11/02/2021

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

GOLD Indicator / Period Table - 11/02/2021

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

GOLD 11/02/2021 - Reference Price : 1837.61

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