Gold tests resistance range.

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


The price for gold found support in the 50, 100 and 200-hour simple moving averages and returned to test the 2,035.00/2,040.00 range. At mid-Tuesday, the price passed above the range. The surge was heading to the 2,050.00 mark, where a pause could take place, before the publication of the US Federal Funds Rate.

A continuation of the surge above 2,050.00 could be slowed down by the 2,060.00 and 2,075.00 levels, before the metal reaches the late 2023 high levels near 2,085.00/2,090.00.

On the other hand, a decline might look for support in the 2,035.00/2,040.00 range. Further below, note the ascending 50, 100 and 200-hour simple moving averages near 2,030.00. Below 2,030.00, there are two support ranges near 2,010.00 and 2,050.00.
Back to articles

Actual Topics

Thu, 01 Feb 2024 17:23:04 GMT

EUR/USD increases volatility

The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. The markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated

Tue, 30 Jan 2024 13:52:40 GMT

USD/JPY breaks pattern

The pair was expected to surge during later Monday's trading hours, as the US Treasury increased its debt by issuing new bonds. Namely, more USD was pumped into the global market from thin air. The event forced the USD/JPY to pass below the lower trend line of the ascending wedge, the 50, 100 and 200-hour simple moving averages 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.