CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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 16/09/2021

Fundamental analysis

16 September, 2021

Gold prices inched lower on Thursday as cautious investors awaited signals on the U.S. Federal Reserve’s timeline on withdrawal of its pandemic-era stimulus, with analysts expecting a further slide in prices on a formal announcement.Bullion is viewed as a hedge against the inflation and currency debasement likely from widespread stimulus. The Fed’s tapering could tackle both those conditions, diminishing gold’s appeal. The Federal Open Market Committee’s two-day policy meeting is due on Sept. 21-22, where the U.S. central bank is expected to provide guidance on when it will start withdrawing its asset purchases and on eventual interest rate hike.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 16/09/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 16/09/2021

Support & Resistance Level Explanation
Resistance 2 1799.63 Daily R2
Resistance 1 1794.01 Daily R1
Support 1 1779.03 Daily S1
Support 2 1773.41 Daily S2

GOLD Indicator Table - 16/09/2021

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

GOLD Indicator / Period Table - 16/09/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Neutral BuyNeutral
RSI (14) Sell SellSell
SMA 20 Sell SellNeutral

GOLD 16/09/2021 - Reference Price : 1786.52

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