CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.52% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 22/02/2021

Fundamental analysis

22 February, 2021

Gold prices on Monday bounced back from an over seven-month low hit in the prior session, shrugging off a jump in yields, with investors opting for the precious metal as a hedge against rising inflation. The dollar gained in early European trading as expectations for a faster economic growth due to expected fiscal aid sent bond yields higher. A $1.9 trillion stimulus is widely expected to pass by the end of the week, lifting sentiments for an increased economic recovery, but at the cost of rising inflation. Investors are also eyeing the testimony of Federal Reserve Chairman Jerome Powell on the Semiannual Monetary Report to Congress beginning Tuesday. The Fed and other major central banks have pinned their hopes on ultra low interest rates to get the economy out of the grasp of a COVID-19-led fall-out.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 22/02/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 22/02/2021

Support & Resistance Level Explanation
Resistance 2 1815.72 Daily R2
Resistance 1 1808.02 Daily R1
Support 1 1787.50 Daily S1
Support 2 1779.80 Daily S2

GOLD Indicator Table - 22/02/2021

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

GOLD Indicator / Period Table - 22/02/2021

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

GOLD 22/02/2021 - Reference Price : 1797.76

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