CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 18/03/2021

Fundamental analysis

18 March, 2021

Gold prices rose to a more than two-week high on Thursday after the U.S. Federal Reserve reaffirmed its stance to keep interest rate near zero until 2023, although the safe-haven metal's gains were capped by its forecast of a strong economic rebound. The U.S. economy was on track for its fastest expansion in nearly 40 years, the Fed said on Wednesday while reaffirming its ultra-easy monetary policy stance amid an expected, although temporary surge in inflation. Higher U.S. interest rates and Treasury bond yields raise the opportunity cost of holding non-yielding bullion. The dollar index slipped to a two-week low, while the benchmark U.S. Treasury yields held close to a more than one-year peak.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 18/03/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 18/03/2021

Support & Resistance Level Explanation
Resistance 2 1766.84 Daily R2
Resistance 1 1760.49 Daily R1
Support 1 1743.47 Daily S1
Support 2 1737.09 Daily S2

GOLD Indicator Table - 18/03/2021

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 - 18/03/2021

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

GOLD 18/03/2021 - Reference Price : 1751.98

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