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

EU Session Analysis for CFD Instruments 25/03/2021

Fundamental analysis

25 March, 2021

Gold prices edged higher on Thursday as surging COVID-19 cases across Europe fuelled concerns about the pace of economic recovery, although a stronger U.S. dollar curbed the metal's gains. Gold is also considered a hedge against inflation, which is likely spurred by widespread stimulus to boost economic growth. U.S. Federal Reserve members indicated on Wednesday that the central bank will start to raise rates depending on economic outcomes and that it will not reduce monetary policy accommodation until it sees actual improvements.Limiting gold's gains, the dollar index jumped to fresh four-month highs on concerns about extended economic lockdowns in Europe and potential U.S. tax hikes.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 25/03/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 25/03/2021

Support & Resistance Level Explanation
Resistance 2 1748.91 Daily R2
Resistance 1 1742.74 Daily R1
Support 1 1726.26 Daily S1
Support 2 1720.09 Daily S2

GOLD Indicator Table - 25/03/2021

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

GOLD Indicator / Period Table - 25/03/2021

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

GOLD 25/03/2021 - Reference Price : 1734.50

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