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 14/05/2021

Fundamental analysis

14 May, 2021

Gold prices edged higher on Friday, as the U.S. dollar pulled back from one-week highs after U.S. Federal Reserve officials downplayed an imminent rise in interest rates despite a sharp rise in inflation. The dollar index was down 0.3% against its rivals, making gold cheaper for other holders of other currencies. Fed Governor Christopher Waller on Thursday said he expects inflation to exceed the central bank’s target of 2% for the next two years, but the Fed would not move to raise rates until inflation is above target for a long time, or excessively high.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 14/05/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 14/05/2021

Support & Resistance Level Explanation
Resistance 2 1850.90 Daily R2
Resistance 1 1843.65 Daily R1
Support 1 1824.33 Daily S1
Support 2 1817.08 Daily S2

GOLD Indicator Table - 14/05/2021

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 - 14/05/2021

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

GOLD 14/05/2021 - Reference Price : 1833.99

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