CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 25/10/2022

Fundamental analysis

25 October, 2022

Gold prices edged higher on Tuesday, propped up by a pullback in the dollar, while investors awaited further cues on the U.S. Federal Reserve’s interest rate-hike path. The dollar index eased 0.1%, making greenback-priced gold less expensive for overseas buyers. Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the zero-yield bullion, while boosting the dollar and bond yields.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 25/10/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 25/10/2022

Support & Resistance Level Explanation
Resistance 2 1666.24 Daily R2
Resistance 1 1658.65 Daily R1
Support 1 1638.41 Daily S1
Support 2 1630.82 Daily S2

GOLD Indicator Table - 25/10/2022

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

GOLD Indicator / Period Table - 25/10/2022

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

GOLD 25/10/2022 - Reference Price : 1648.53

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