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 16/07/2021

Fundamental analysis

16 July, 2021

Gold prices were headed on Friday for a fourth straight weekly gain after the U.S. Federal Reserve allayed investor fears of a faster tightening of monetary policy, though the safe-haven metal was subdued by pressure from a firmer dollar. However, gold is finding support from lower real rates and the fact that some elements of the market think the Fed is not really going to push the envelope for rate hikes, Innes added. Lower interest rates decrease the opportunity cost of holding non-yielding gold, also considered a hedge against inflation that could result from widespread stimulus measures.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 16/07/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 16/07/2021

Support & Resistance Level Explanation
Resistance 2 1839.08 Daily R2
Resistance 1 1833.52 Daily R1
Support 1 1818.70 Daily S1
Support 2 1813.14 Daily S2

GOLD Indicator Table - 16/07/2021

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 - 16/07/2021

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

GOLD 16/07/2021 - Reference Price : 1826.11

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