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 27/08/2021

Fundamental analysis

27 August, 2021

Gold prices fell below the key psychological level of $1,800 on Friday, but remained supported by safe-haven demand and a dip in the dollar ahead of a speech by the U.S. central bank chief that will be scanned for cues on stimulus tapering. Investors are now waiting for U.S. Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole, Wyoming, symposium at 1400 GMT for any hints about when the Fed will begin tapering its asset purchasing programme.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 27/08/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 27/08/2021

Support & Resistance Level Explanation
Resistance 2 1806.89 Daily R2
Resistance 1 1801.64 Daily R1
Support 1 1787.64 Daily S1
Support 2 1782.39 Daily S2

GOLD Indicator Table - 27/08/2021

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 - 27/08/2021

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

GOLD 27/08/2021 - Reference Price : 1794.64

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