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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

Gold eased from an one-week peak on Tuesday as the dollar firmed, and held in a tight range as investors turned cautious ahead of the U.S. Federal Reserve Chairman Jerome Powell's testimony to Congress later in the day. The testimony before the Senate Banking Committee on Tuesday and House of Representatives Financial Services Committee on Wednesday will be Powell's first since President Joe Biden and his fellow Democrats took control of the White House and Capitol Hill. Also tarnishing appeal for the non-yielding bullion, benchmark U.S. Treasury yield hovered near a one-year high scaled on Monday.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 23/02/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 23/02/2021

Support & Resistance Level Explanation
Resistance 2 1828.01 Daily R2
Resistance 1 1819.04 Daily R1
Support 1 1795.10 Daily S1
Support 2 1786.13 Daily S2

GOLD Indicator Table - 23/02/2021

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

GOLD Indicator / Period Table - 23/02/2021

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

GOLD 23/02/2021 - Reference Price : 1807.07

Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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GOLD Chart
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