Gold - Usd Dollar Analysis

Evening Analysis for CFD Instruments 14/03/2019

Fundamental analysis

14 March, 2019

Gold prices retreated on Thursday even after China reported weaker-than-expected industrial output data and doubts began to appear regarding when and if an agreement between the US and China will be made on trade. China’s industrial output grew at the slowest pace in 17 years for the first two months in 2019. Factory output rose 5.3% year-on-year in January and February, the National Bureau of Statistics (NBS) reported on Thursday, the lowest since 2002. The US dollar traded higher against a basket of other currencies which accounted for much of the pressure upon the precious metal. Gold is calculated in dollars, and a stronger dollar makes Gold cheaper for holders of foreign currency.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 14/03/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 14/03/2019

Support & Resistance Level Explanation
Resistance 2 1304.91 Daily R2
Resistance 1 1301.91 Daily R1
Support 1 1291.91 Daily S1
Support 2 1288.91 Daily S2

GOLD Indicator Table - 14/03/2019

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

GOLD Indicator / Period Table - 14/03/2019

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

GOLD 14/03/2019 - Reference Price : 1297.24

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