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. 70.41% 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 19/03/2021

Fundamental analysis

19 March, 2021

Gold prices bounced back on Friday as the dollar turned negative and U.S. 10-year Treasury yields slipped from their highest in over a year, setting bullion on track for a second straight weekly rise. Despite the jump in gold prices on Friday, the outlook for the safe-haven metal remained bearish as economies gradually recover from the pandemic-induced slump. The U.S. Federal Reserve this week pledged to press on with aggressive monetary stimulus and projected the strongest U.S economic growth in nearly 40 years, sending U.S. 10-year yields to near 14-month highs on Thursday.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 19/03/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 19/03/2021

Support & Resistance Level Explanation
Resistance 2 1757.79 Daily R2
Resistance 1 1750.47 Daily R1
Support 1 1730.97 Daily S1
Support 2 1723.65 Daily S2

GOLD Indicator Table - 19/03/2021

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

GOLD Indicator / Period Table - 19/03/2021

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

GOLD 19/03/2021 - Reference Price : 1740.72

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