Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 15/04/2019

Fundamental analysis

15 April, 2019

Gold traded lower on Monday below the key $1,300 level as the release of stronger-than-expected China trade and credit data on Friday continued to bolster risk appetite. Risk sentiment was boosted by the credit data released by the People’s Bank of China on Friday that suggested growth exceeded all estimates in March. The better-than-expected data eased concerns about a global economic growth slowdown and provided support to Asian equities. Stocks and other risk assets are key contrarian trades to gold. Investor sentiment was also boosted amid positive developments in the Sino-U.S. trade talks.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 15/04/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 15/04/2019

Support & Resistance Level Explanation
Resistance 2 1293.82 Daily R2
Resistance 1 1289.98 Daily R1
Support 1 1282.51 Daily S1
Support 2 1278.57 Daily S2

GOLD Indicator Table - 15/04/2019

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

GOLD Indicator / Period Table - 15/04/2019

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellBuy
SMA 20 Sell BuySell

GOLD 15/04/2019 - Reference Price : 1286.04

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