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 28/04/2021

Fundamental analysis

28 April, 2021

Gold prices slipped to a one-week low on Wednesday as U.S. Treasury yields firmed up ahead of a Federal Reserve policy statement later in the day. Benchmark U.S. 10-year Treasury yields jumped to their highest since April 13, increasing the opportunity cost of holding bullion. U.S. consumer confidence soared to a 14-month high in April, as more businesses reopened. The dollar index rose 0.2% against its rivals, making gold more expensive for holders of other currencies. Investors now await the Fed's statement, which is expected to provide cues on the central bank's monetary policy outlook.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 28/04/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 28/04/2021

Support & Resistance Level Explanation
Resistance 2 1779.78 Daily R2
Resistance 1 1774.11 Daily R1
Support 1 1759.01 Daily S1
Support 2 1753.34 Daily S2

GOLD Indicator Table - 28/04/2021

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 - 28/04/2021

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

GOLD 28/04/2021 - Reference Price : 1766.56

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