CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 22/09/2021

Fundamental analysis

22 September, 2021

Gold prices edged up on Wednesday, ahead of the U.S. Federal Reserve’s policy signals later in the day on reducing stimulus for the world’s largest economy. Fed’s two-day meet is due to conclude on Wednesday as investors focus on any new signals on when a taper may begin. The U.S. central bank is also likely to provide an outlook on interest rate hikes from the current near zero level. Wednesday’s statement will also offer Fed’s rate projections for 2024 for the first time. An eventual interest rate hike would raise the opportunity cost of holding the non-interest bearing gold.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 22/09/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 22/09/2021

Support & Resistance Level Explanation
Resistance 2 1797.16 Daily R2
Resistance 1 1788.98 Daily R1
Support 1 1767.18 Daily S1
Support 2 1759.00 Daily S2

GOLD Indicator Table - 22/09/2021

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

GOLD Indicator / Period Table - 22/09/2021

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

GOLD 22/09/2021 - Reference Price : 1778.08

Buy
Simple Moving AverageBuy (2)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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