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. 70.41% 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 23/08/2021

Fundamental analysis

23 August, 2021

Gold prices rose on Monday after the U.S. dollar retreated from multi-month highs, while investor concerns that the Delta coronavirus variant could dampen the pace of global economic recovery also lifted bullion’s safe-haven appeal. The dollar index was down 0.1%, easing off the 9-1/2-month high hit last week, lifting gold’s allure for holders of other currencies. Dallas Federal Reserve President Robert Kaplan, a strong supporter for tapering stimulus, said on Friday he might need to adjust that view if the Delta variant slows economic growth materially. In the clearest sign yet of the impact of the Delta variant on the Fed’s plans, COVID-19 restrictions have prompted the U.S. central bank to schedule its annual economic symposium in Jackson Hole, Wyoming on Aug. 27 virtually and not in person as planned.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 23/08/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 23/08/2021

Support & Resistance Level Explanation
Resistance 2 1799.84 Daily R2
Resistance 1 1795.14 Daily R1
Support 1 1782.62 Daily S1
Support 2 1777.92 Daily S2

GOLD Indicator Table - 23/08/2021

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 - 23/08/2021

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

GOLD 23/08/2021 - Reference Price : 1788.88

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