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Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 08/04/2021

Fundamental analysis

08 April, 2021

Gold prices slipped on Thursday as investors turned to riskier assets after the U.S. Federal Reserve's latest meeting minutes indicated continued policy support and cemented hopes of a quick economic turnaround. Officials at the Federal Reserve are concerned about the ongoing risks of the COVID-19 pandemic and are committed to supporting the economy until its recovery is more stable, according to minutes of the central bank's most recent policy meeting released on Wednesday. Limiting gold's losses, the U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 08/04/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 08/04/2021

Support & Resistance Level Explanation
Resistance 2 1758.42 Daily R2
Resistance 1 1752.07 Daily R1
Support 1 1735.13 Daily S1
Support 2 1728.78 Daily S2

GOLD Indicator Table - 08/04/2021

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 - 08/04/2021

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

GOLD 08/04/2021 - Reference Price : 1743.60

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