CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.41% 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 all your money. Read full risk warning.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 12/06/2024

Fundamental analysis

12 June, 2024

Gold prices are trading in today’s European session above 2300 levels.

Gold prices held steady in European trading on Wednesday, hovering near a key support level of $2300 as traders awaited the results of the U.S. Federal Reserve meeting and upcoming inflation data.

The metal had recently experienced a sharp decline due to diminishing expectations of U.S. rate cuts in the face of persistent inflation and a robust labour market.

Additionally, a stronger dollar and rising Treasury yields exerted further pressure on gold prices.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 12/06/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 12/06/2024

Support & Resistance Level Explanation
Resistance 2 2341.94 Daily R2
Resistance 1 2329.59 Daily R1
Support 1 2296.65 Daily S1
Support 2 2284.30 Daily S2

GOLD Indicator Table - 12/06/2024

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

GOLD Indicator / Period Table - 12/06/2024

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

GOLD 12/06/2024 - Reference Price : 2313.12

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
GOLD Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now