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 01/11/2023

Fundamental analysis

01 November, 2023

Gold price is trading around 1978 early Tuesday.

Gold prices are lower in Asian trade. Gold price moved lower as markets begin to price the possibility of a limited conflict in the Middle East. However, recent statements from the Israeli prime minister have indicated that there will be no ceasefire and tensions could still boil over into the rest of the region, which could move gold throughout the trading day.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 01/11/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 01/11/2023

Support & Resistance Level Explanation
Resistance 2 1997.56 Daily R2
Resistance 1 1990.19 Daily R1
Support 1 1970.55 Daily S1
Support 2 1963.18 Daily S2

GOLD Indicator Table - 01/11/2023

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

GOLD Indicator / Period Table - 01/11/2023

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

GOLD 01/11/2023 - Reference Price : 1980.37

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