CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 16/04/2021

Fundamental analysis

16 April, 2021

Gold prices firmed near a seven-week peak on Friday, on course to register their best week in five, as a retreat in U.S. Treasury yields and the dollar lifted the metal's appeal. The dollar eased against rivals, while benchmark U.S. Treasury yields hovered near a one-month low hit in the previous session. Gold's gains came despite U.S. data showcasing robust retail sales and a significant drop in weekly jobless claims and a record growth in China's first-quarter GDP.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 16/04/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 16/04/2021

Support & Resistance Level Explanation
Resistance 2 1791.85 Daily R2
Resistance 1 1784.60 Daily R1
Support 1 1765.26 Daily S1
Support 2 1758.01 Daily S2

GOLD Indicator Table - 16/04/2021

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 - 16/04/2021

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

GOLD 16/04/2021 - Reference Price : 1774.93

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