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

EU Session Analysis for CFD Instruments 30/06/2021

Fundamental analysis

30 June, 2021

Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve’s policy stance, with the precious metal heading for its worst monthly drop since November 2016. Bullion prices were down 7.5% for the month, weighed down by the Fed’s sudden hawkish shift. But they were up 3.3% for the quarter. A Fed rate hike will increase the opportunity cost of holding bullion, dulling its appeal.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 30/06/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 30/06/2021

Support & Resistance Level Explanation
Resistance 2 1771.81 Daily R2
Resistance 1 1765.96 Daily R1
Support 1 1750.34 Daily S1
Support 2 1744.49 Daily S2

GOLD Indicator Table - 30/06/2021

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 - 30/06/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

GOLD 30/06/2021 - Reference Price : 1758.15

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