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

US Session Analysis for CFD Instruments 12/04/2024

Fundamental analysis

12 April, 2024

Gold prices are trading higher in today’s European session above 2390 levels.

Friday witnessed gold prices soaring to record highs, driven by central bank acquisitions amidst escalating geopolitical tensions, which bolstered the precious metal's upward trajectory.

Despite robust economic indicators from the United States signalling strong performance, gold remained attractive to investors, maintaining its prominent position in the market.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 12/04/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 12/04/2024

Support & Resistance Level Explanation
Resistance 2 2435.32 Daily R2
Resistance 1 2419.63 Daily R1
Support 1 2377.81 Daily S1
Support 2 2362.12 Daily S2

GOLD Indicator Table - 12/04/2024

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 - 12/04/2024

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

GOLD 12/04/2024 - Reference Price : 2398.72

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