CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 24/09/2021

Fundamental analysis

24 September, 2021

Gold prices bounced off 1-1/2-month lows on Friday, buoyed by safe-haven demand as investors grew wary over cash-strapped China Evergrande’s fate while a softer dollar also lifted the metal’s allure for holders of other currencies. The dollar index lingered near a one-week low touched on Thursday. However, bullion prices were expected to come under pressure in the medium term with major central banks signalling tapering of pandemic-era stimulus, analysts said. The U.S. Federal Reserve signalled an earlier-than-expected rate hike this week.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 24/09/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 24/09/2021

Support & Resistance Level Explanation
Resistance 2 1773.36 Daily R2
Resistance 1 1765.50 Daily R1
Support 1 1744.56 Daily S1
Support 2 1736.70 Daily S2

GOLD Indicator Table - 24/09/2021

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

GOLD Indicator / Period Table - 24/09/2021

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

GOLD 24/09/2021 - Reference Price : 1755.03

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