Gold recovers to 1,795.00

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


The support of the 200-hour simple moving average was enough for the price of gold to move above the 50 and 100-hour simple moving averages and the 1,785.20/1,786.30 range. During Thursday's trading, the metal encountered resistance in the 1,795.00 level, before retracing to the zone, which appeared to have turned into support.

A continuation of the surge of the commodity price could encounter resistance in the 1,800.00 level and the 1,803.30/1,809.90 range.

However, a decline is set to look for support in the 50, 100 and 200-hour simple moving averages near 1,775.00/1,780.00. Further below, 1,764.00/1,766.15 zone might once again stop a decline.
Back to articles

Actual Topics

Fri, 09 Dec 2022 07:59:32 GMT

EUR/USD approaches 1.0600

On Friday morning, the EUR/USD step by step continued with its recovery, as by 08:00 GMT the pair was above 1.0580. An extension of the ongoing surge of the Euro against the US Dollar might encounter resistance in the 1.0600 mark and the weekly R1 simple pivot point at 1.0622. Note that the 1.0600 level represents a strong resistance

Thu, 08 Dec 2022 18:04:46 GMT

USD/JPY ends its surge

The USD/JPY passed the ascending support trend line in a sharp move, which eventually paused near 136.30. Throughout Thursday's trading, the pair fluctuated between 136.30 and 137.20. A move below the 136.30 level and the 100-hour simple moving average might look for support in the 136.00 level and the weekly simple pivot point at 135.93. Further below, round price levels could

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.