CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 06/12/2021

Fundamental analysis

06 December, 2021

Gold prices were flat on Monday, as the metal was caught between subdued U.S. bond yields and the prospect of the Federal Reserve tightening policy at a faster pace which dimmed its appeal. U.S. 10-year Treasury yields hovered near a more than two-month low hit on Friday. Thirty-year Treasury yields were also close to their lowest since the start of this year. Weaker yields decrease gold's opportunity cost. Bullion rose 1% on Friday after data showed U.S. employment growth slowed considerably in November.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 06/12/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 06/12/2021

Support & Resistance Level Explanation
Resistance 2 1800.66 Daily R2
Resistance 1 1793.49 Daily R1
Support 1 1774.35 Daily S1
Support 2 1767.18 Daily S2

GOLD Indicator Table - 06/12/2021

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

GOLD Indicator / Period Table - 06/12/2021

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

GOLD 06/12/2021 - Reference Price : 1783.92

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