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. 70.91% 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

EU Session Analysis for CFD Instruments 24/06/2021

Fundamental analysis

24 June, 2021

Gold was subdued on Thursday, as a stronger dollar made bullion more expensive for holders of other currencies, while investors digested mixed signals from Federal Reserve officials on rate hike and awaited more U.S. data to gauge inflationary pressures. The dollar index held firm below an 11-week high against its rivals. Two Fed officials on Wednesday said that a period of high inflation in the United States may last longer than anticipated, a day after Fed Chair Jerome Powell downplayed inflation worries and signalled interest rates would not be hiked too quickly. However, Atlanta Fed President Raphael Bostic expects interest rates will need to rise in late 2022 as inflation is well above Fed’s 2% target.

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 1797.84 Daily R2
Resistance 1 1788.62 Daily R1
Support 1 1764.02 Daily S1
Support 2 1754.80 Daily S2

GOLD Indicator Table - 24/06/2021

Indicator Signal
SMA 20 Sell
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 Sell SellSell

GOLD 24/06/2021 - Reference Price : 1776.32

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