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.
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Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 25/03/2024

Fundamental analysis

25 March, 2024

Gold prices are trading in today’s European session above 2165 levels.

The cost of gold has surged to almost $2,170 per troy ounce, regaining ground lost in the preceding two sessions. This rise is linked to a drop in the US Dollar's value, influenced by the cautious outlook surrounding the Federal Reserve's stance on interest rate changes. Market sentiment indicates a potential for the Fed to initiate interest rate reductions as soon as June, bolstering the appeal of gold as an investment avenue.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 25/03/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 25/03/2024

Support & Resistance Level Explanation
Resistance 2 2195.33 Daily R2
Resistance 1 2184.46 Daily R1
Support 1 2155.50 Daily S1
Support 2 2144.63 Daily S2

GOLD Indicator Table - 25/03/2024

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

GOLD Indicator / Period Table - 25/03/2024

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

GOLD 25/03/2024 - Reference Price : 2169.98

Sell
Simple Moving AverageBuy (1)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Risk Warning and Disclaimer: CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account. 76% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice. Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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