CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. 75% 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 19/01/2024

Fundamental analysis

19 January, 2024

Gold prices are trading today at around 2030.

Gold prices rose on Friday but were on track for their worst week in six, as the dollar and bond yields firmed after US central bankers pushed back against expectations of early interest rate cuts, Reuters reported.

Gold continues to receive support above the $2000 mark, driven by the demand for its safe-haven attributes amid increasing global tensions. Escalating conflicts in the Middle East, the Red Sea, Taiwan-China, and Russia-Ukraine contribute to the ongoing support for gold.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 19/01/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 19/01/2024

Support & Resistance Level Explanation
Resistance 2 2048.99 Daily R2
Resistance 1 2041.50 Daily R1
Support 1 2021.54 Daily S1
Support 2 2014.05 Daily S2

GOLD Indicator Table - 19/01/2024

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

GOLD Indicator / Period Table - 19/01/2024

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

GOLD 19/01/2024 - Reference Price : 2031.52

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