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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 13/01/2021

Fundamental analysis

13 January, 2021

Gold prices eased on Wednesday, reversing earlier gains, as the dollar firmed and U.S. yields held close to recent highs, with investors awaiting for more details on American fiscal stimulus measures. U.S. President-elect Joe Biden said he would unveil a plan on Thursday to inject the coronavirus-hit economy with "trillions" of dollars in relief measures. Bullion is seen as a hedge against inflation and currency debasement that could result from large stimulus measures. Benchmark 10-year Treasury yields hovered close to near 10-month highs, and the dollar index held firm, making gold expensive for holders of other currencies.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 13/01/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 13/01/2021

Support & Resistance Level Explanation
Resistance 2 1887.06 Daily R2
Resistance 1 1873.07 Daily R1
Support 1 1835.75 Daily S1
Support 2 1821.76 Daily S2

GOLD Indicator Table - 13/01/2021

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

GOLD Indicator / Period Table - 13/01/2021

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

GOLD 13/01/2021 - Reference Price : 1854.41

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