CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 05/03/2021

Fundamental analysis

05 March, 2021

Gold prices were flat on Friday as investors decide what next for American treasury yields and the U.S. Dollar. It is now $1698. U.S. Fed Chairman Jerome Powell’s speech at a virtual conference yesterday failed to calm fears of higher rates. The United States will report Nonfarm Payrolls and the Unemployment Rate for February later today, which could move the safe haven yellow metal.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 05/03/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 05/03/2021

Support & Resistance Level Explanation
Resistance 2 1724.81 Daily R2
Resistance 1 1712.83 Daily R1
Support 1 1680.87 Daily S1
Support 2 1668.89 Daily S2

GOLD Indicator Table - 05/03/2021

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

GOLD Indicator / Period Table - 05/03/2021

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

GOLD 05/03/2021 - Reference Price : 1696.85

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