CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 09/06/2021

Fundamental analysis

09 June, 2021

Gold prices held steady on Wednesday as bond yields remained under pressure, with investors on the sidelines ahead of more data on U.S. inflation and the European Central Bank policy meeting. U.S. benchmark 10-year Treasury yields were hovering near more than a month low, while the dollar index held steady. The U.S. consumer price index report due on Thursday is expected to provide more clues on when the Federal Reserve will dial back monetary stimulus. The ECB policy meeting is also scheduled on the same day.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 09/06/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 09/06/2021

Support & Resistance Level Explanation
Resistance 2 1912.22 Daily R2
Resistance 1 1903.93 Daily R1
Support 1 1881.83 Daily S1
Support 2 1873.54 Daily S2

GOLD Indicator Table - 09/06/2021

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

GOLD Indicator / Period Table - 09/06/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuySell
RSI (14) Neutral BuyBuy
SMA 20 Buy BuyBuy

GOLD 09/06/2021 - Reference Price : 1892.88

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