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 01/11/2021

Fundamental analysis

01 November, 2021

Gold edged higher on Monday as some investors bought the metal following a steep price drop in the previous session, although caution set in ahead of a key U.S. Federal Reserve meeting after data showed inflation quickened. Data released on Friday showed the jury was still out on the Fed’s view that inflation is transitory and should moderate with time, with the personal consumption expenditures price index advancing last month.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 01/11/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 01/11/2021

Support & Resistance Level Explanation
Resistance 2 1798.16 Daily R2
Resistance 1 1791.86 Daily R1
Support 1 1775.08 Daily S1
Support 2 1768.78 Daily S2

GOLD Indicator Table - 01/11/2021

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

GOLD Indicator / Period Table - 01/11/2021

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

GOLD 01/11/2021 - Reference Price : 1783.47

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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