Gold - Usd Dollar Analysis

EU Session Analysis for CFD Instruments 15/04/2024

Fundamental analysis

15 April, 2024

Gold prices are trading in today’s Asian session above 2350 levels.

Although the US dollar index has rallied, gold prices maintain a positive bias during early Monday trading.

The surge in gold prices is primarily attributed to escalating tensions between Iran and Israel amid the ongoing Middle East crisis. This geopolitical uncertainty has spurred demand for safe-haven assets, leading to a 1.60 percent increase in gold prices. Despite this significant rise, the overall trend in gold remains bullish.

Technical analysis

Time Frame: 1 hour

GOLD Support & Resistance Table - 15/04/2024

Support & Resistance	Level	Explanation
Resistance 2	2401.46	Daily R2
Resistance 1	2383.69	Daily R1
Support 1	2336.31	Daily S1
Support 2	2318.54	Daily S2

GOLD Indicator Table - 15/04/2024

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

GOLD Indicator / Period Table - 15/04/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Neutral	Buy	Buy
SMA 20	Buy	Buy	Buy

GOLD 15/04/2024 - Reference Price : 2358.44

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (0)

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