Gold respects resistance of 1,810.00 level

Source: Dukascopy Bank SA


On Thursday, volatility was caused by the release of the US Advance GDP. During the volatility, the price for gold once again confirmed the 1,810.00 level as a resistance level. The following decline passed the 55 and 100-hour simple moving averages. By mid-Friday, the price had almost reached the 200-hour SMA at 1,790.20.

A surge of the metal's price could once again test the resistance of the 1,810.00 level, before aiming at the resistance of the summer high level at 1,830.00.

On the other hand, the price for gold might look for support in the 200-hour SMA. Below the SMA, a trend line, which connects this week's low levels could provide support.
Back to articles

Actual Topics

Mon, 01 Nov 2021 08:09:57 GMT

EUR/JPY recovers after crash

The EUR/JPY currency exchange rate found support in the zone that surrounds the 131.60 mark, on Friday. Since then, the currency pair has been recovering. On Monday morning, the pair reached the resistance of the 200-hour simple moving average near 132.40. In the case that the rate surges above the 200-hour SMA and the 132.40 mark, the pair might find

Fri, 29 Oct 2021 10:48:08 GMT

USD/JPY remains above 113.40

Despite piercing the support of the 113.40 level on Thursday, the USD/JPY did not extend the decline. Instead, the pair found support at 113.25 and recovered. At mid-day on Friday, the rate had retraced to the 100-hour simple moving average at 113.79. A potential continuation of the surge might reach for the combined resistance of the weekly simple pivot point at

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.