CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 18/06/2021

Fundamental analysis

18 June, 2021

Gold prices rose on Friday but were set for their worst week since March 2020 after the U.S. Federal Reserve’s hawkish turn lifted the dollar and dented the safe-haven metal’s appeal.The Fed on Wednesday signalled it would be considering whether to taper its asset purchase programme meeting by meeting and brought forward projections for the first post-pandemic interest rate hikes into 2023. Following hawkish comments from Fed officials, the dollar jumped to a two-month high and was on track for its best week in nearly nine months.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 18/06/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 18/06/2021

Support & Resistance Level Explanation
Resistance 2 1818.52 Daily R2
Resistance 1 1806.97 Daily R1
Support 1 1776.19 Daily S1
Support 2 1764.64 Daily S2

GOLD Indicator Table - 18/06/2021

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

GOLD Indicator / Period Table - 18/06/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell NeutralNeutral
RSI (14) Sell SellSell
SMA 20 Sell SellSell

GOLD 18/06/2021 - Reference Price : 1791.58

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