CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 18/08/2021

Fundamental analysis

18 August, 2021

Gold prices firmed on Wednesday, as escalating concerns over the economic fallout from the spread of the coronavirus’ Delta variant dented sentiment towards riskier assets, lifting bullion’s appeal. Also hinting at a slowdown in the economy, U.S. retail sales fell more than expected in July. Investors now await the minutes from Federal Reserve’s July meeting later in the day for guidance on its tapering plans. Fed chief Jerome Powell said it remains unclear whether the heightened outbreak of the Delta variant will have a noticeable impact on the economy. The dollar index held near recent peaks on other majors.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 18/08/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 18/08/2021

Support & Resistance Level Explanation
Resistance 2 1803.64 Daily R2
Resistance 1 1797.08 Daily R1
Support 1 1779.60 Daily S1
Support 2 1773.04 Daily S2

GOLD Indicator Table - 18/08/2021

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 - 18/08/2021

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

GOLD 18/08/2021 - Reference Price : 1788.34

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