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 08/11/2023

Fundamental analysis

08 November, 2023

Gold price is trading around 1962 early Wednesday.
Gold prices are flat in early European trade amid mixed global cues. While strong central bank buying remains a supportive factor, a rebound in the U.S. dollar and hawkish comments from Minneapolis Fed President Neel Kashkari are weighing on investor sentiment for the precious metal.
The war risk premium has faded as the Israel-Hamas conflict shows little signs of escalating.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 08/11/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 08/11/2023

Support & Resistance Level Explanation
Resistance 2 1976.98 Daily R2
Resistance 1 1971.42 Daily R1
Support 1 1956.58 Daily S1
Support 2 1951.02 Daily S2

GOLD Indicator Table - 08/11/2023

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

GOLD Indicator / Period Table - 08/11/2023

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

GOLD 08/11/2023 - Reference Price : 1962.34

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