CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% 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

US Session Analysis for CFD Instruments 21/05/2021

Fundamental analysis

21 May, 2021

Gold prices steadied on Friday, and were on track for a third straight weekly gain, as a weaker U.S. dollar and growing inflationary pressure boosted demand for the safe-haven metal. The dollar hovered around recent lows against its rivals and was heading for a weekly loss, while benchmark 10-year Treasury yields fell. Recent data showing a rise in prices in the United States and the UK intensified concerns over inflation, lifting gold's appeal as an inflation hedge.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 21/05/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 21/05/2021

Support & Resistance Level Explanation
Resistance 2 1895.53 Daily R2
Resistance 1 1888.17 Daily R1
Support 1 1868.55 Daily S1
Support 2 1861.19 Daily S2

GOLD Indicator Table - 21/05/2021

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 - 21/05/2021

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

GOLD 21/05/2021 - Reference Price : 1878.36

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