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

EU Session Analysis for CFD Instruments 09/11/2021

Fundamental analysis

09 November, 2021

Gold prices edged lower on Tuesday, but hovered near a two-month peak on a softer dollar and U.S. bond yields, as investors awaited key U.S. inflation data to gauge the Federal Reserve’s next move on rate hikes. A subdued dollar and lower benchmark 10-year Treasury yields kept bullion’s appeal intact. A weaker dollar reduces bullion’s cost for buyers holding other currencies, while lower yields decrease non-interest bearing bullion’s opportunity cost.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 09/11/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 09/11/2021

Support & Resistance Level Explanation
Resistance 2 1839.42 Daily R2
Resistance 1 1832.45 Daily R1
Support 1 1813.87 Daily S1
Support 2 1806.90 Daily S2

GOLD Indicator Table - 09/11/2021

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

GOLD Indicator / Period Table - 09/11/2021

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

GOLD 09/11/2021 - Reference Price : 1823.99

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