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 22/05/2023

Fundamental analysis

22 May, 2023

During European trade, the price of gold declined. Notes from the previous meeting of the US Federal Reserve will be released this week in the United States, which may reflect on the price of gold. During trading so far, the price of gold is trading around 1,979.75 USD.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 22/05/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 22/05/2023

Support & Resistance Level Explanation
Resistance 2 1995.97 Daily R2
Resistance 1 1988.27 Daily R1
Support 1 1967.73 Daily S1
Support 2 1960.03 Daily S2

GOLD Indicator Table - 22/05/2023

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

GOLD Indicator / Period Table - 22/05/2023

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

GOLD 22/05/2023 - Reference Price : 1977.43

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