Gold respects 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The price for gold has encountered resistance in the 200-hour simple moving average, which has pushed the commodity price down. On, Tuesday, the rate was approaching the 2,300.00 level that is expected to act as support.

A move below 2,300.00 could look for support in early April's support and resistance zones near 2,265.00 and 2,225.00.

On the other hand, a recovery of the metal would have to break above the 50, 100 and 200-hour simple moving averages. Meanwhile, note the resistance of the 2,320.00, 2,340.00 and 2,360.00 levels.
Back to articles

Actual Topics

Thu, 02 May 2024 10:07:07 GMT

EUR/USD decline is stopped by Fed

On May 1, US monetary policy makers, who decide upon the supply of the US Dollar, announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected. In addition, the central bank has published the Federal Open Markets

Tue, 30 Apr 2024 11:35:05 GMT

USD/JPY support holds

The USD/JPY continued to move higher and higher, as the Dollar gained value and the Yen kept getting weaker. This in turn has caused another intervention of the Bank of Japan. The central bank pushed the Yen up, which caused a drop of the rate. However, it stopped at the support of the 154.70/154.80 range. The range held and

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.