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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 14/01/2020

Fundamental analysis

14 January, 2020

Gold prices kept on the downside on, slipping to a 10 day low on Tuesday as strength in equities markets and hopes for a smooth signing of the U.S.-China Phase 1 trade deal tarnished bullion’s safe-haven appeal, while palladium rose to a record high. Just a day before the Phase 1 trade deal signing, the U.S. Treasury on Monday dropped China’s designation as a currency manipulator, fuelling market optimism. Bullion rose to a near seven-year high last week on worries regarding the U.S.-Iran conflict but the rally was short lived in the absence of any further escalation in tensions. Analysts say investors are still taking some profits following that massive spike in prices.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 14/01/2020
Time Frame: 1 hour

GOLD Support & Resistance Table - 14/01/2020

Support & Resistance Level Explanation
Resistance 2 1560.27 Daily R2
Resistance 1 1553.39 Daily R1
Support 1 1534.25 Daily S1
Support 2 1526.97 Daily S2

GOLD Indicator Table - 14/01/2020

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

GOLD Indicator / Period Table - 14/01/2020

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

GOLD 14/01/2020 - Reference Price : 1543.11

Sell
Simple Moving AverageBuy (0)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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