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. 73.43% 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 07/11/2022

Fundamental analysis

07 November, 2022

Gold prices climbed on Friday after the dollar took a breather, although bullion was headed for a second straight weekly drop as the U.S. Federal Reserve's hawkish policy narrative clouded outlook for the non-yielding asset. The Fed raised interest rates by 75 basis points on Wednesday and Chair Jerome Powell pledged to "keep at" their battle to beat down inflation.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 07/11/2022
Time Frame: 1 hour

GOLD Support & Resistance Table - 07/11/2022

Support & Resistance Level Explanation
Resistance 2 1692.90 Daily R2
Resistance 1 1683.56 Daily R1
Support 1 1658.68 Daily S1
Support 2 1649.34 Daily S2

GOLD Indicator Table - 07/11/2022

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

GOLD Indicator / Period Table - 07/11/2022

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

GOLD 07/11/2022 - Reference Price : 1671.12

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