Gold reaches for 1,430.00

Source: Dukascopy Bank SA
Since Friday, the yellow metal has traded almost sideways in limbo around the hourly simple moving averages, which all met at the middle of Friday.  

On Tuesday morning, the metal's price was located just above the hourly simple moving averages, as it approached the 1,430.00 level. 

In general, the metal should test the resistance of round psychological resistance levels as the 1,430.00 and 1,435.00 level. 

On the other hand, the rate could fluctuate sideways until the US FOMC announcements at 18:00 GMT on Wednesday.
Back to articles

Actual Topics

Wed, 31 Jul 2019 08:53:57 GMT

EUR/JPY could edge higher

The single European currency depreciated about 46 base points against the Japanese Yen on Tuesday. The 200-hour simple moving average provided support for the currency pair at 120.90.

Tue, 30 Jul 2019 10:14:28 GMT

USD/JPY bounces off resistance

The USD/JPY bounced off the resistance of the 108.90 level, on Tuesday morning. At that level the rate met with a monthly pivot point, which managed to force the rate down.

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.