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

EU Session Analysis for CFD Instruments 26/07/2024

Fundamental analysis

26 July, 2024

Gold prices are trading in today’s Asian session below 2400 levels.

Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more clues on when the Federal Reserve will cut interest rates. Data on Thursday showed that the U.S. economy grew faster than expected in the second quarter, but expectations of a September rate cut were intact.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 26/07/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 26/07/2024

Support & Resistance Level Explanation
Resistance 2 2398.91 Daily R2
Resistance 1 2387.81 Daily R1
Support 1 2358.19 Daily S1
Support 2 2347.09 Daily S2

GOLD Indicator Table - 26/07/2024

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

GOLD Indicator / Period Table - 26/07/2024

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

GOLD 26/07/2024 - Reference Price : 2373.51

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