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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 13/08/2019

Fundamental analysis

13 August, 2019

Gold extended gains on Tuesday to break above 1530 for the first time since April 2013. Investors remained worried of latest global geopolitical developments and beliefs that the world might soon face another recession, which in turn, makes the central banks across the world consider more stimulus. Meanwhile, the benchmark 10- year Treasury rate in the US fell further on Tuesday, which increases chances for the US Fed to cut the benchmark interest rate in September. Later in the US, Inflation data for July will be released at 13:30 GMT+1.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 13/08/2019
Time Frame: 1 hour

GOLD Support & Resistance Table - 13/08/2019

Support & Resistance Level Explanation
Resistance 2 1549.63 Daily R2
Resistance 1 1538.58 Daily R1
Support 1 1515.87 Daily S1
Support 2 1507.00 Daily S2

GOLD Indicator Table - 13/08/2019

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 - 13/08/2019

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

GOLD 13/08/2019 - Reference Price : 1527.16

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