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

EU Session Analysis for CFD Instruments 25/01/2024

Fundamental analysis

25 January, 2024

Gold prices are trading today at around 2015.

Gold prices nursed steep losses on Thursday as anticipation of a barrage of U.S. economic and interest rate cues kept traders averse to the yellow metal, while copper sat on strong gains this week following more stimulus measures from China.

However, Gold continues to hold steady above the $2000 threshold, supported by the demand for its safe-haven characteristics amid escalating global tensions. Increased conflicts in the Middle East, the Red Sea, Taiwan-China, and Russia-Ukraine are all playing a role in the sustained support for gold.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 25/01/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 25/01/2024

Support & Resistance Level Explanation
Resistance 2 2028.55 Daily R2
Resistance 1 2022.74 Daily R1
Support 1 2007.26 Daily S1
Support 2 2001.45 Daily S2

GOLD Indicator Table - 25/01/2024

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

GOLD Indicator / Period Table - 25/01/2024

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

GOLD 25/01/2024 - Reference Price : 2015.02

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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