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. 73.43% 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 09/04/2021

Fundamental analysis

09 April, 2021

Gold prices fell on Friday as robust economic data from China boosted hopes of a swift recovery, although bullion was set to rise more than 1% on the week as the U.S. dollar and Treasury yields pulled back from recent highs. The metal has gained nearly 1.5% this week, after two weeks of losses. Federal Reserve Chair Jerome Powell on Thursday signalled the central bank is nowhere near to reducing its support for the U.S. economy and cautioned that the anticipated price increase this year is likely to be temporary. Gold prices climbed on Thursday, breaking the $1755 mark for the first time since late February. Falling long term treasury yields in the United States helped push the yellow metal higher.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 09/04/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 09/04/2021

Support & Resistance Level Explanation
Resistance 2 1762.90 Daily R2
Resistance 1 1757.26 Daily R1
Support 1 1742.22 Daily S1
Support 2 1736.58 Daily S2

GOLD Indicator Table - 09/04/2021

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 - 09/04/2021

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

GOLD 09/04/2021 - Reference Price : 1749.74

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