CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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

US Session Analysis for CFD Instruments 19/07/2024

Fundamental analysis

19 July, 2024

Gold prices are trading in today’s European session below 2420 levels.

Gold prices fell on Friday, but were on track for a fourth straight weekly gain as expectations that the Federal Reserve will cut interest rates in September lifted bullion's appeal. The precious metal has seen some profit taking in trading today and a higher dollar also put gold under some pressure.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 19/07/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 19/07/2024

Support & Resistance Level Explanation
Resistance 2 2439.50 Daily R2
Resistance 1 2428.57 Daily R1
Support 1 2399.43 Daily S1
Support 2 2388.50 Daily S2

GOLD Indicator Table - 19/07/2024

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

GOLD Indicator / Period Table - 19/07/2024

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

GOLD 19/07/2024 - Reference Price : 2413.00

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