CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 30/07/2021

Fundamental analysis

30 July, 2021

Gold prices were on track for their biggest weekly gain in more than two months on renewed signs that the U.S. Federal Reserve may not taper economic support and hike interest rates in the near term. It was on track for its biggest weekly gain since May 21, having risen 1.4% so far. While the dollar index tried clawing up from a one-month low early on Friday, it was headed for its worst weekly performance since May. A weaker dollar boosts the appeal of gold by making it cheaper for holders of other currencies. Gold jumped as much as 1.4% on Thursday following Fed Chief Jerome Powell’s remarks that the U.S. job market still had “some ground to cover” and that it was “ways away” from considering interest rate hikes.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 30/07/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 30/07/2021

Support & Resistance Level Explanation
Resistance 2 1839.89 Daily R2
Resistance 1 1834.53 Daily R1
Support 1 1820.21 Daily S1
Support 2 1814.85 Daily S2

GOLD Indicator Table - 30/07/2021

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 - 30/07/2021

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

GOLD 30/07/2021 - Reference Price : 1827.37

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