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 19/07/2021

Fundamental analysis

19 July, 2021

Gold prices edged lower on Monday as a fall in U.S. Treasury yields and concerns over a global economic recovery slowdown due to the spread of the Delta variant of the coronavirus lifted demand for the safe-haven metal. Many countries, particularly in Asia, are struggling to curb the highly contagious Delta variant of the coronavirus and have been forced into taking lockdown measures. Gold is used as a safe investment during times of political and financial uncertainty. Benchmark 10-year Treasury yields dropped to a near two-week low, reducing the opportunity cost of holding non-interest bearing gold.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 19/07/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 19/07/2021

Support & Resistance Level Explanation
Resistance 2 1817.22 Daily R2
Resistance 1 1811.26 Daily R1
Support 1 1795.38 Daily S1
Support 2 1789.42 Daily S2

GOLD Indicator Table - 19/07/2021

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

GOLD Indicator / Period Table - 19/07/2021

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

GOLD 19/07/2021 - Reference Price : 1803.32

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