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 24/06/2021

Fundamental analysis

24 June, 2021

Gold steadied in a tight range on Thursday, tracking moves in the dollar as mixed signals from U.S. Federal Reserve officials on stimulus withdrawal kept investors on their toes. Two Fed officials said on Wednesday a period of high inflation may last longer than anticipated, with Atlanta Fed President Raphael Bostic expecting a rate hike in late 2022. The remarks helped the dollar index steady, after weakness earlier this week due to Fed Chairman Jerome Powell’s reassurance that interest rates would not be hiked too quickly.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 24/06/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 24/06/2021

Support & Resistance Level Explanation
Resistance 2 1804.20 Daily R2
Resistance 1 1794.98 Daily R1
Support 1 1770.38 Daily S1
Support 2 1761.16 Daily S2

GOLD Indicator Table - 24/06/2021

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

GOLD Indicator / Period Table - 24/06/2021

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

GOLD 24/06/2021 - Reference Price : 1782.68

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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