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 05/10/2021

Fundamental analysis

05 October, 2021

Gold prices fell on Tuesday as the dollar benefited from subdued risk sentiment, with bullion likely to see choppy trade in the run up to Friday’s U.S. jobs numbers that could dictate the Federal Reserve’s tapering plans. The dollar index rose, making gold more expensive for buyers holding other currencies, while equity markets slid on concerns that soaring energy prices could dampen economic growth.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 05/10/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 05/10/2021

Support & Resistance Level Explanation
Resistance 2 1773.50 Daily R2
Resistance 1 1765.74 Daily R1
Support 1 1745.02 Daily S1
Support 2 1737.26 Daily S2

GOLD Indicator Table - 05/10/2021

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

GOLD Indicator / Period Table - 05/10/2021

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

GOLD 05/10/2021 - Reference Price : 1755.38

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