Gold trades below 1,700.00

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


The price for gold has once again retreated below the 1,700.00 mark. Meanwhile, by the middle of Wednesday's trading, it was spotted that support is being found in the 1,688.65/1,692.90 zone. However, resistance appeared to be provided by the 50 and 100-hour simple moving averages.

A move of the price below the 1,688.65/1,692.90 zone could result in the price reaching the 2021 low level at 1,670.50.

On the other hand, a potential move above the 50 and 100-hour simple moving averages near 1,700.00 might encounter resistance in the 200-hour simple moving average near 1,718.00.
Back to articles

Actual Topics

Thu, 08 Sep 2022 07:36:14 GMT

EUR/USD returns to 1.0000

The 0.9865/0.9875 zone was enough to cause a recovery of the Euro against the US Dollar. The surge eventually reached above the 1.0000 mark. On Thursday morning, the pair was finding support in the weekly simple pivot point at 0.9980. A surge of the Euro against the USD might face resistance in the weekly R1 simple pivot point at 1.0050.

Wed, 07 Sep 2022 13:25:50 GMT

USD/JPY breaks pattern

The surge of the US Dollar against the Japanese Yen has escalated. Namely, the pair has broken the channel up pattern to the upside and by mid-Wednesday the rate was already at 145.00. A continuation of the surge could encounter resistance only in round levels. The pair has broken all known technical resistance. On the other hand, it can be

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.