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 29/03/2021

Fundamental analysis

29 March, 2021

Gold prices fell on Monday as a stronger U.S. dollar and hopes for a swift global economic recovery boosted share markets, denting demand for a safe haven. The dollar index held firm near four-month highs against its rivals, making gold more expensive for holders of other currencies. Gold's safe-haven demand was also hurt as investors' appetite for riskier assets grew. European stocks edged closer to a record high on Monday on optimism over a global economic recovery. Market participants are now waiting for U.S. President Joe Biden's infrastructure spending package on Wednesday, which is speculated to be in the $3 trillion to $4 trillion range.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 29/03/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 29/03/2021

Support & Resistance Level Explanation
Resistance 2 1738.84 Daily R2
Resistance 1 1733.58 Daily R1
Support 1 1719.56 Daily S1
Support 2 1714.30 Daily S2

GOLD Indicator Table - 29/03/2021

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 - 29/03/2021

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

GOLD 29/03/2021 - Reference Price : 1726.57

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