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 21/06/2024

Fundamental analysis

21 June, 2024

Gold prices are trading in today’s European session above 2360 levels.

The price of gold surged to its highest level in two weeks on Friday. This upward movement reflects growing investor optimism about a potential interest rate cut by the Federal Reserve later this year.

The speculation regarding the rate cut has been fueled by recent negative economic data from the U.S., which has raised concerns about the health of the economy.

Additionally, the uncertainty surrounding various upcoming global elections has further boosted the appeal of gold as a safe-haven asset..

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 21/06/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 21/06/2024

Support & Resistance Level Explanation
Resistance 2 2379.95 Daily R2
Resistance 1 2372.17 Daily R1
Support 1 2351.43 Daily S1
Support 2 2343.65 Daily S2

GOLD Indicator Table - 21/06/2024

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 - 21/06/2024

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

GOLD 21/06/2024 - Reference Price : 2361.80

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