Gold recovers to 1,865.00

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


Gold has managed not only to break the descending channel up pattern and the 1,850.00 mark, but also has confirmed both as support. By the middle of Monday's trading hours, the commodity price had reached the 1,865.00 level. At mid-day, the price appeared to be consolidating by retracing downwards.

If the metal continues to decline, it is expected to look for support in the combination of the 1,850.00 level and the 50-hour simple moving average. A move below these levels could result in a decline to the 1,840.00 and 1,835.00 levels.

Meanwhile, a potential recovery of the commodity price would have to pass the 1,865.00 mark, before testing the resistance of other round price levels.
Back to articles

Actual Topics

Tue, 24 May 2022 08:45:52 GMT

EUR/JPY reaches above high level zone

This week, the President of the European Central Bank Christine Lagarde revealed that the ECB is set to hike interest rates in July and that by September the Euro base rate would be out of the negative zone. This caused a surge of the EUR/JPY pair above the mid-May high level zone at 136.50/136.75. However, after the move upwards,

Mon, 23 May 2022 13:24:42 GMT

USD/JPY reveals new resistance zone

On Friday, the USD/JPY revealed a new resistance zone at 128.20/128.30. On Monday, the resistance zone was strengthened by the new weekly simple pivot point at 128.19 and the 100-hour simple moving average. Meanwhile, the currency pair had retraced to the 127.50 mark. If the US Dollar recovers against the Japanese Yen, it would have to pass the 128.20/128.30 zone and

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.