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 02/01/2025

Fundamental analysis

02 January, 2025

Gold prices are trading in today’s Asian session above 2630 levels.

Gold prices jumped 27% last year as robust central bank buying, geopolitical uncertainties and monetary policy easing fueled the safe-haven metal's strongest annual performance since 2010. While gold prices rose for most of the year, the Fed’s December meeting acted as a bump after it signaled fewer rate cuts in the upcoming year. The next Fed meeting is scheduled for January 29th.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 02/01/2025
Time Frame: 1 hour

GOLD Support & Resistance Table - 02/01/2025

Support & Resistance Level Explanation
Resistance 2 2666.59 Daily R2
Resistance 1 2652.62 Daily R1
Support 1 2615.38 Daily S1
Support 2 2601.42 Daily S2

GOLD Indicator Table - 02/01/2025

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

GOLD Indicator / Period Table - 02/01/2025

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

GOLD 02/01/2025 - Reference Price : 2633.55

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