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 25/03/2021

Fundamental analysis

25 March, 2021

Gold prices edged lower on Thursday as a stronger U.S. dollar overshadowed support from lower bond yields and worries that lockdowns across Europe would take a toll on the pace of economic recovery. The dollar index rose to a four-month high against its rivals, making gold more expensive for holders of other currencies. Offering some respite to gold, U.S. Treasury yields dipped, with the market appearing to stabilise after benchmark yields reached one-year highs last week. Lower yields reduces the opportunity cost of holding non-interest bearing gold.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 25/03/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 25/03/2021

Support & Resistance Level Explanation
Resistance 2 1743.32 Daily R2
Resistance 1 1737.15 Daily R1
Support 1 1720.67 Daily S1
Support 2 1714.50 Daily S2

GOLD Indicator Table - 25/03/2021

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

GOLD Indicator / Period Table - 25/03/2021

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

GOLD 25/03/2021 - Reference Price : 1728.91

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