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 13/05/2021

Fundamental analysis

13 May, 2021

Gold edged up on Thursday on hopes that the U.S. Federal Reserve would not raise interest rates anytime soon, although a surge in U.S. Treasury yields following a sharp rise in April consumer prices capped gains. Data on Wednesday showed U.S. consumer prices increased the most in nearly 12 years in April, intensifying concerns over rising inflation. Fed Vice Chair Richard Clarida said the twin surprises of weak jobs growth and strong inflation in April has not dented the U.S. central bank's plans to keep its support for the economy wide open.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 13/05/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 13/05/2021

Support & Resistance Level Explanation
Resistance 2 1832.93 Daily R2
Resistance 1 1824.70 Daily R1
Support 1 1802.76 Daily S1
Support 2 1794.53 Daily S2

GOLD Indicator Table - 13/05/2021

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

GOLD Indicator / Period Table - 13/05/2021

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Sell NeutralBuy
SMA 20 Sell BuyBuy

GOLD 13/05/2021 - Reference Price : 1814.90

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