Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 18/04/2024

Fundamental analysis

18 April, 2024

Gold prices are trading in today’s European session around 2380 levels.

Thursday witnessed a rise in gold prices spurred by growing worries about escalating conflict in the Middle East, leading to increased demand for safe-haven assets.

This increase countered the effects of speculation regarding the continuation of high interest rates in the United States.

With geopolitical uncertainties looming, investors sought refuge in gold as a time-honoured hedge against volatility and geopolitical risks.

Technical analysis

Time Frame: 1 hour

GOLD Support & Resistance Table - 18/04/2024

Support & Resistance	Level	Explanation
Resistance 2	2428.63	Daily R2
Resistance 1	2409.21	Daily R1
Support 1	2357.43	Daily S1
Support 2	2338.01	Daily S2

GOLD Indicator Table - 18/04/2024

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 - 18/04/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Buy

GOLD 18/04/2024 - Reference Price : 2383.32

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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