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 12/07/2021

Fundamental analysis

12 July, 2021

Gold prices inched higher on Monday, on persisting concerns around COVID-19, with investors awaiting U.S. inflation data due this week and Federal Reserve Chair Jerome Powell’s testimony. The market will keep a close eye on Tuesday’s consumer price index data and Powell’s appearance before Congress on Wednesday and Thursday to get cues on policy tightening by the central bank. Speculators raised their net long positions in COMEX gold and silver in the week ended July 6, data from the U.S. Commodity Futures Trading Commission showed.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 12/07/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 12/07/2021

Support & Resistance Level Explanation
Resistance 2 1812.67 Daily R2
Resistance 1 1807.62 Daily R1
Support 1 1794.14 Daily S1
Support 2 1789.09 Daily S2

GOLD Indicator Table - 12/07/2021

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

GOLD Indicator / Period Table - 12/07/2021

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

GOLD 12/07/2021 - Reference Price : 1800.88

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