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 26/03/2024

Fundamental analysis

26 March, 2024

Gold prices are trading in today’s Asian session above 2170 levels.

Gold prices steadied Tuesday morning after rallying the day prior as investors awaited key economic data releases and remarks from Federal Reserve officials later in the week, aiming to gain more clarity on the possible timing of interest rate changes hinted at by the U.S. central bank.

Investors are especially keen on the weekly initial jobless claims report set for Thursday, followed by the publication of the U.S. core personal consumption expenditure (PCE) price index data on Friday.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 26/03/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 26/03/2024

Support & Resistance Level Explanation
Resistance 2 2197.36 Daily R2
Resistance 1 2186.49 Daily R1
Support 1 2157.51 Daily S1
Support 2 2146.64 Daily S2

GOLD Indicator Table - 26/03/2024

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

GOLD Indicator / Period Table - 26/03/2024

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

GOLD 26/03/2024 - Reference Price : 2170.48

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