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 26/04/2024

Fundamental analysis

26 April, 2024

Gold prices are trading in today’s European session around 2350 levels.

Recent geopolitical tensions in the Middle East have fueled a surge in precious metal prices in recent weeks, providing solid support for gold prices, particularly amid the looming possibility of an Israeli invasion in Rafah.

Nevertheless, the rally in prices is likely to be limited due to a resurgence in the strength of the dollar and a recalibration in market expectations regarding the timing of the first Federal Reserve interest-rate cut. They emphasised that gold's lack of interest-bearing properties will temper the extent of its price rally.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 26/04/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 26/04/2024

Support & Resistance Level Explanation
Resistance 2 2377.10 Daily R2
Resistance 1 2364.23 Daily R1
Support 1 2329.91 Daily S1
Support 2 2317.04 Daily S2

GOLD Indicator Table - 26/04/2024

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

GOLD Indicator / Period Table - 26/04/2024

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

GOLD 26/04/2024 - Reference Price : 2347.07

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