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

EU Session Analysis for CFD Instruments 25/01/2021

Fundamental analysis

25 January, 2021

Gold prices gained on Monday as the dollar eased and hopes that a massive economic stimulus in the world's largest economy would be passed remained intact. President Joe Biden's administration tried to head off Republican concerns that his $1.9 trillion pandemic relief proposal was too expensive on a Sunday call. Gold is considered a hedge against inflation, likely from widespread stimulus. Also supporting the precious metal, global coronavirus cases rose to more than 98 million as countries struggled to increase the pace of vaccinations.Investors now await the U.S. Federal Reserve's policy meeting due on Jan. 26-27.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 25/01/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 25/01/2021

Support & Resistance Level Explanation
Resistance 2 1869.79 Daily R2
Resistance 1 1862.16 Daily R1
Support 1 1841.86 Daily S1
Support 2 1834.24 Daily S2

GOLD Indicator Table - 25/01/2021

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

GOLD Indicator / Period Table - 25/01/2021

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

GOLD 25/01/2021 - Reference Price : 1852.01

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