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. 70.41% 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 02/06/2021

Fundamental analysis

02 June, 2021

Gold prices dipped on Wednesday, as elevated Treasury yields and an uptick in risk appetite weighed on the safe-haven metal, while investors awaited U.S. jobs data due this week for cues on economic recovery and near-term Federal Reserve policy action. The U.S. 10-year Treasury yield held firm above 1.6% after hitting a more than one-week high, increasing the opportunity cost of holding non-interest-bearing gold. Data on Tuesday showed that U.S. manufacturing activity picked up in May as pent-up demand in a reopening economy boosted orders.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 02/06/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 02/06/2021

Support & Resistance Level Explanation
Resistance 2 1911.82 Daily R2
Resistance 1 1906.21 Daily R1
Support 1 1891.23 Daily S1
Support 2 1885.62 Daily S2

GOLD Indicator Table - 02/06/2021

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

GOLD Indicator / Period Table - 02/06/2021

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

GOLD 02/06/2021 - Reference Price : 1898.72

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