Gold shortly trades below 1,920.00

Source: Dukascopy Bank SA


On Monday morning, the price for gold shortly traded below the 1,920.00 mark, before staring a sudden recovery. Namely, by the middle of the day's trading hours, the price for gold surged and reached the 1,935.00 level. Meanwhile, the commodity mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages.

If the price for gold surges above the 1,935.00 level, the commodity price could encounter resistance at 1,940.00 and 1,950.00 levels. In the case that the 1,950.00 mark fails to keep the metal down, new high levels might be reached.

On the other hand, a decline of the price would look for support in the 1,916.70/1,921.65 zone, before declining to the 1,900.00 level and the support zone below it.
Back to articles

Actual Topics

Tue, 05 Apr 2022 07:31:07 GMT

EUR/JPY decline reaches below 134.50

On Monday, the EUR/JPY currency pair passed below the support zone at 135.15/135.30. Afterwards, the rate found short term support in the 135.00 and 134.50 level. On Tuesday morning, the rate extended its decline by reaching below the 134.50 mark. If the currency exchange rate continues to decline, support might be found in the combination of the 134.00 mark,

Mon, 04 Apr 2022 13:03:40 GMT

USD/JPY encounters resistance at 123.00

At mid-day on Friday, the USD/JPY currency pair reached the 123.00 mark, as it was forecast. The 123.00 level acted as resistance and caused a decline, found support in the 100-hour simple moving average. Up to the middle of Monday's trading, the currency exchange rate was trading between the 100-hour simple moving average and the 123.00 mark. In the meantime, the

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.