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. 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 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

Gold - Usd Dollar Analysis Technical analysis 11/06/2024
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 - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellBuy

GOLD 11/06/2024 - Reference Price : 2305.98

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