CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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

US Session Analysis for CFD Instruments 12/02/2021

Fundamental analysis

12 February, 2021

Gold slipped on Friday as the dollar rebounded, while platinum took a breather after expectations of a rebound in industrial demand drove a rally to a more than six-year peak and put it on course for its best week in two months. Still expectations for a stimulus package in the United States helped to put gold prices on course for a 0.2% rise this week, which would be its first weekly rise in three. Investors often buy gold to hedge possible risks of inflation that could be spurred by massive stimulus.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 12/02/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 12/02/2021

Support & Resistance Level Explanation
Resistance 2 1832.51 Daily R2
Resistance 1 1826.35 Daily R1
Support 1 1809.91 Daily S1
Support 2 1803.75 Daily S2

GOLD Indicator Table - 12/02/2021

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

GOLD Indicator / Period Table - 12/02/2021

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

GOLD 12/02/2021 - Reference Price : 1818.13

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