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 30/07/2024

Fundamental analysis

30 July, 2024

Gold prices are trading in today’s European session above 2400 levels.

Gold rose today as anticipation of a Federal Reserve meeting and more cues on interest rates kept traders biassed towards the dollar. The central bank is widely expected to keep rates unchanged at the conclusion of the meeting on Wednesday. But any signals on when it plans to begin trimming rates will be closely watched.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 30/07/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 30/07/2024

Support & Resistance Level Explanation
Resistance 2 2413.83 Daily R2
Resistance 1 2403.19 Daily R1
Support 1 2374.81 Daily S1
Support 2 2364.17 Daily S2

GOLD Indicator Table - 30/07/2024

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

GOLD Indicator / Period Table - 30/07/2024

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

GOLD 30/07/2024 - Reference Price : 2389.42

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