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 20/12/2024

Fundamental analysis

20 December, 2024

Gold prices are trading in today’s Asian session above 2600 levels.

Gold prices rose in the Asian session but were set for a weekly decline on Friday after the Federal Reserve signalled a slowdown in rate cuts, while focus shifted to the U.S. Personal Consumption Expenditure data due later in the day.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 20/12/2024
Time Frame: 1 hour

GOLD Support & Resistance Table - 20/12/2024

Support & Resistance Level Explanation
Resistance 2 2631.48 Daily R2
Resistance 1 2619.44 Daily R1
Support 1 2587.36 Daily S1
Support 2 2575.32 Daily S2

GOLD Indicator Table - 20/12/2024

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 - 20/12/2024

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

GOLD 20/12/2024 - Reference Price : 2603.40

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