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 13/07/2021

Fundamental analysis

13 July, 2021

Gold prices steadied on Tuesday after hitting a one-week low in the previous session, as the dollar weakened slightly ahead of U.S. inflation data that could offer clues about the likely timing of policy tightening by the Federal Reserve. The dollar index was down about 0.1%. A weaker dollar makes gold less expensive for other currency holders. World Health Organization Director-General Tedros Adhanom Ghebreyesus said on Monday the infectious Delta variant was becoming dominant and many countries had yet to receive enough vaccine doses to protect their health workers.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 13/07/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 13/07/2021

Support & Resistance Level Explanation
Resistance 2 1821.52 Daily R2
Resistance 1 1815.52 Daily R1
Support 1 1799.52 Daily S1
Support 2 1793.52 Daily S2

GOLD Indicator Table - 13/07/2021

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 - 13/07/2021

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

GOLD 13/07/2021 - Reference Price : 1807.52

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