Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 11/06/2024

Fundamental analysis

11 June, 2024

Gold prices are trading in today’s European session around 2300 levels.

Gold prices remained stable on Tuesday as investors awaited crucial U.S. inflation data and the Federal Reserve’s policy announcement later in the week.

This cautious stance comes after a surprisingly strong payrolls report on Friday, which has fueled speculation about possible Fed actions on interest rates.

Investors are closely watching these events to assess the future direction of gold prices and broader economic trends.

Technical analysis

Time Frame: 1 hour

GOLD Support & Resistance Table - 11/06/2024

Support & Resistance	Level	Explanation
Resistance 2	2336.87	Daily R2
Resistance 1	2323.63	Daily R1
Support 1	2288.33	Daily S1
Support 2	2275.09	Daily S2

GOLD Indicator Table - 11/06/2024

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

GOLD Indicator / Period Table - 11/06/2024

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

GOLD 11/06/2024 - Reference Price : 2305.98

Sell

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

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