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 04/12/2023

Fundamental analysis

04 December, 2023

Gold traded higher early Monday at around 2,083.

Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year.

Lower interest rates reduce the opportunity cost of holding a non-interest-bearing bullion.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 04/12/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 04/12/2023

Support & Resistance Level Explanation
Resistance 2 2101.19 Daily R2
Resistance 1 2093.80 Daily R1
Support 1 2074.10 Daily S1
Support 2 2066.71 Daily S2

GOLD Indicator Table - 04/12/2023

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 - 04/12/2023

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

GOLD 04/12/2023 - Reference Price : 2083.95

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