CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 30/07/2021

Fundamental analysis

30 July, 2021

Gold was set on Friday for its best weekly performance in more than two months on renewed signs the U.S. Federal Reserve could hold-off on tapering economic support in the near term, and as the dollar was headed for its worst week since May. 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. Underpinning his views, data showed the U.S. economy expanded solidly in the second quarter, but the growth fell short of expectations.

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 1840.44 Daily R2
Resistance 1 1835.08 Daily R1
Support 1 1820.76 Daily S1
Support 2 1815.40 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) Sell
Stochastic ( 9;6;3) Sell

GOLD Indicator / Period Table - 30/07/2021

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

GOLD 30/07/2021 - Reference Price : 1828.32

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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