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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 23/07/2021

Fundamental analysis

23 July, 2021

Gold traded in a narrow range on Friday as a stronger dollar dimmed bullion’s appeal and put it on course for its first weekly decline in five, with investors looking to the U.S. Federal Reserve’s next meeting for policy cues. Bullion is down 0.2% this week after hitting its lowest in more than a week on Thursday. Making gold expensive for holders of other currencies, the dollar index held near a 3-1/2-month peak and was heading for a second straight weekly gain. Market focus now turns to next week’s U.S. Federal Reserve meeting for more clues on monetary policy after the European Central Bank on Thursday pledged to keep interest rates at record lows for some time.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 23/07/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 23/07/2021

Support & Resistance Level Explanation
Resistance 2 1811.52 Daily R2
Resistance 1 1805.88 Daily R1
Support 1 1790.04 Daily S1
Support 2 1784.10 Daily S2

GOLD Indicator Table - 23/07/2021

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 - 23/07/2021

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

GOLD 23/07/2021 - Reference Price : 1797.96

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