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 11/01/2022

Fundamental analysis

11 January, 2022

Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes.The yield on 10-year Treasury notes inched away from an almost two-year high of 1.808% to 1.778%. Gold is considered a hedge against high inflation, but the metal is highly sensitive to rising U.S. interest rates which increase the opportunity cost of holding non-yielding bullion. Goldman Sachs now expects the U.S. Federal Reserve to raise interest rates four times this year, matching the view of analysts at J.P. Morgan and Deutsche Bank.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 11/01/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 11/01/2022

Support & Resistance Level Explanation
Resistance 2 1820.44 Daily R2
Resistance 1 1814.87 Daily R1
Support 1 1800.01 Daily S1
Support 2 1794.44 Daily S2

GOLD Indicator Table - 11/01/2022

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

GOLD Indicator / Period Table - 11/01/2022

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

GOLD 11/01/2022 - Reference Price : 1807.44

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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