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 13/12/2024

Fundamental analysis

13 December, 2024

Gold prices are trading in today’s Asian session above 2690 levels.

Gold prices are nearing a more than two-week peak, supported by escalating geopolitical tensions on multiple locations and expectations of another rate cut by the Federal Reserve next week. A Fed interest rate cut next week is made even more certain by US CPI inflation data which was in line with expectations.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 13/12/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 13/12/2024

Support & Resistance Level Explanation
Resistance 2 2717.10 Daily R2
Resistance 1 2703.99 Daily R1
Support 1 2669.05 Daily S1
Support 2 2655.94 Daily S2

GOLD Indicator Table - 13/12/2024

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

GOLD Indicator / Period Table - 13/12/2024

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

GOLD 13/12/2024 - Reference Price : 2686.52

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