CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 28/11/2023

Fundamental analysis

28 November, 2023

Gold traded higher early Tuesday at around 2,013.

Gold prices rose slightly in European trade on Tuesday, sticking to a six-month high amid growing bets that the Federal Reserve will not raise interest rates any further.

Anticipation of a slew of economic readings this week also kept safe haven demand for the yellow metal upbeat, as markets awaited more signs of cooling U.S. economic growth and a stalling Chinese rebound.

Markets were now awaiting key economic readings this week, chiefly the PCE price index- the Fed’s preferred inflation gauge. Beyond that, U.S. PMIs for November, coupled with a revised reading on third-quarter GDP were also on tap later in the week.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 28/11/2023
Time Frame: 1 hour

GOLD Support & Resistance Table - 28/11/2023

Support & Resistance Level Explanation
Resistance 2 2027.08 Daily R2
Resistance 1 2022.05 Daily R1
Support 1 2008.61 Daily S1
Support 2 2003.58 Daily S2

GOLD Indicator Table - 28/11/2023

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

GOLD Indicator / Period Table - 28/11/2023

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

GOLD 28/11/2023 - Reference Price : 2015.33

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