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 20/05/2021

Fundamental analysis

20 May, 2021

Gold prices climbed on Thursday, aided by growing U.S. inflationary pressure, although gains were curbed as the dollar rebounded and U.S. Treasury yields rose after Federal Reserve policymakers hinted at a possible shift in future policy. Gold prices rose more than 1% on Wednesday to their highest since Jan. 8, but pared most of the gains as the dollar index bounced off from a near three-month low and benchmark U.S. Treasury yields rose to a near one-week high after the Fed minutes. Minutes of the U.S. central bank's April 27-28 meeting said a number of policymakers thought if the U.S. economy continued rapid progress, it would be appropriate "at some point" to discuss tightening its accommodative policy.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 20/05/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 20/05/2021

Support & Resistance Level Explanation
Resistance 2 1891.13 Daily R2
Resistance 1 1883.79 Daily R1
Support 1 1864.21 Daily S1
Support 2 1856.87 Daily S2

GOLD Indicator Table - 20/05/2021

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

GOLD Indicator / Period Table - 20/05/2021

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

GOLD 20/05/2021 - Reference Price : 1873.20

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
GOLD Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now