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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 15/05/2019

Fundamental analysis

15 May, 2019

Gold traded slightly higher on Wednesday as trade tensions remained in the minds of investors but the markets turned their attention to US retail sales figures due to be announced soon. During the Asian session some disappointing Industrial Production data from China was released. European data was mostly as expected providing little support for the safe haven instrument. The dollar was also trading only slightly higher against a basket of other currencies. Bullion investors will be watching for US retail sales figures when deciding on price action today or for comments on any trade war progress.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 15/05/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 15/05/2019

Support & Resistance Level Explanation
Resistance 2 1306.00 Daily R2
Resistance 1 1302.81 Daily R1
Support 1 1293.00 Daily S1
Support 2 1290.50 Daily S2

GOLD Indicator Table - 15/05/2019

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

GOLD Indicator / Period Table - 15/05/2019

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Neutral BuyNeutral
RSI (14) Buy NeutralNeutral
SMA 20 Buy SellBuy

GOLD 15/05/2019 - Reference Price : 1297.90

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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