Gold remains near 1,730.00

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


Since the start of this week's trading, the price for gold has remained near the 1,730.00 level. However, on Tuesday morning, the rate had shortly pierced the resistance of the 1,735.00 level. Moreover, it was not retracing down to the support of the 55-hour simple moving average near 1,724.00.

In the near term future, the metal was expected to continue to trade sideways until it would be approached by the support of the 55-hour simple moving average. The SMA could cause a surge. In addition, the 100-hour SMA could provide additional support for a potential surge.

On the other hand, a failure of the two SMAs could result in a decline to the 200-hour simple moving average near 1,713.00.
Back to articles

Actual Topics

Wed, 17 Mar 2021 08:06:59 GMT

EUR/JPY sets for breakout

The common European currency declined by 77 pips or 0.59% against the Japanese Yen on Tuesday. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session.

Tue, 16 Mar 2021 10:08:10 GMT

USD/JPY remains below resistance

Since early Monday's trading hours, the USD/JPY has been testing the resistance zone of the March high levels. However, the rate has been booking higher low levels after each failed attempt to pass the zone. In addition, the support of the 55-hour simple moving average was approaching the rate from below. In the case of the resistance zone failing, the pair

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.