CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 08/07/2022

Fundamental analysis

08 July, 2022

Gold extended its selloff to a nine-month low on Wednesday but moved slightly higher after the US Federal Reserve’s June meeting minutes provided clarity on the nature and pace of interest rate hikes coming up.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 08/07/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 08/07/2022

Support & Resistance Level Explanation
Resistance 2 1761.17 Daily R2
Resistance 1 1752.85 Daily R1
Support 1 1730.63 Daily S1
Support 2 1722.31 Daily S2

GOLD Indicator Table - 08/07/2022

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

GOLD Indicator / Period Table - 08/07/2022

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

GOLD 08/07/2022 - Reference Price : 1742.66

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