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 23/04/2021

Fundamental analysis

23 April, 2021

Gold was little changed on Friday as traders remained on the sidelines ahead of a U.S. Federal Reserve meeting next week, but a weaker U.S. dollar and lower Treasury yields put bullion on track for a third straight weekly gain. The U.S. 10-year Treasury yield was at 1.5525% after falling to 1.5310% on Thursday, while the dollar index was down 0.3%.. However, gold remained subdued on Friday as investors held back bullish bets despite a weaker dollar and lower Treasury yields, awaiting Fed's decision next week, analysts said.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 23/04/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 23/04/2021

Support & Resistance Level Explanation
Resistance 2 1801.19 Daily R2
Resistance 1 1794.82 Daily R1
Support 1 1777.84 Daily S1
Support 2 1771.47 Daily S2

GOLD Indicator Table - 23/04/2021

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 - 23/04/2021

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

GOLD 23/04/2021 - Reference Price : 1786.33

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