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 11/05/2021

Fundamental analysis

11 May, 2021

Gold prices held steady on Tuesday as investors awaited U.S. consumer price data due later this week to measure whether inflationary pressure is building, with a weaker dollar and a pullback in Treasury yields supporting the metal. Benchmark U.S. 10-year Treasury yields were pinned below 1.6%, reducing the opportunity cost of holding non-yielding gold. Making gold less expensive for other currency holders, the dollar index hovered close to a more than two-month low hit in the previous session after U.S. non-farm payrolls data on Friday showed jobs growth unexpectedly slowed in April. Investors are waiting for the U.S. consumer price index report due on Wednesday to gauge inflationary pressure and the Federal reserve’s policy stance.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 11/05/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 11/05/2021

Support & Resistance Level Explanation
Resistance 2 1855.17 Daily R2
Resistance 1 1847.45 Daily R1
Support 1 1826.89 Daily S1
Support 2 1819.17 Daily S2

GOLD Indicator Table - 11/05/2021

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

GOLD Indicator / Period Table - 11/05/2021

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

GOLD 11/05/2021 - Reference Price : 1837.17

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