Gold reaches above 1,800.00

Source: Dukascopy Bank SA


The string of news, which have caused a decline of the USD, have propelled the price for gold above 1,800.00. The price has passed above 1,785.20/1,786.30 zone and the 1,800.00 mark. On Friday, it was assessed that the commodity was finding support in the 1,795.00 level and resistance at 1,805.00. Namely, the pair was trading around 1,800.00.

A move above 1,805.00 would result in the metal trading at levels not seen since early July. In July, the 1.815.00 and 1,825.00 levels provided resistance. The same could occur during the upcoming week.

On the other hand, a decline of the price below 1,795.00 could look for support in the 1,785.20/1,786.30 zone and the 50-hour simple moving average. Further below, the 1,775.00 and 1,770.00 levels might act as support.
Back to articles

Actual Topics

Mon, 05 Dec 2022 08:04:37 GMT

EUR/USD remains above 1.0500

The EUR/USD currency exchange rate had reached a new high level on Monday morning, as the pair touched the 1.0585 level. However, the event was followed by a decline, as by 08:00 GMT the pair was below 1.0550. In the case of a continuous decline the pair might look for support first in the 50-hour simple moving average near 1.0510and

Fri, 02 Dec 2022 11:15:50 GMT

USD/JPY approaches 133.50

The continuous decline of the USD/JPY has been fuelled by US fundamental data like employment numbers and inflation. In addition, central bank comments have kept the USD loosing value. By the middle of Friday's trading, the pair was heading to the 133.50 level. If the US Dollar continues to decline against the Japanese Yen, the rate could find support in 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.