Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 18/10/2023

Fundamental analysis

18 October, 2023

Gold spot price is trading lower today at 1938.3

Gold prices witnessed sharp gains in the morning trade in the domestic futures market on Wednesday, October 18, mirroring positive trends in global markets, amid concerns over an escalation in the Israel-Hamas war.

Gold is often considered a safe-haven asset in times of geopolitical turmoil, economic uncertainty, or financial market instability.

Technical analysis

Time Frame: 1 hour

GOLD Support & Resistance Table - 18/10/2023

Support & Resistance	Level	Explanation
Resistance 2	1957.40	Daily R2
Resistance 1	1949.26	Daily R1
Support 1	1927.54	Daily S1
Support 2	1919.40	Daily S2

GOLD Indicator Table - 18/10/2023

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 - 18/10/2023

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Sell	Neutral
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Buy

GOLD 18/10/2023 - Reference Price : 1938.40

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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