Gold retreats below 1,920.00

Source: Dukascopy Bank SA


The price for gold continued to make attempts to pass the resistance of the 1,930.00 mark and the 1,932.25 level. However, it failed at mid-Tuesday. The price of gold dropped, as the USD strengthened and reached even below 1,915.00

In general, a bounce off from the most recent low level could result in the pair once again testing the 1,930.00 and 1,932.25 level. Although, the 1,920.00 mark and the moving averages might slow down the commodity's recovery.

On the other hand, a passing below the recent low is highly likely set to aim for the 1,900.00 mark.
Back to articles

Actual Topics

Wed, 28 Jun 2023 07:49:47 GMT

EUR/USD retreats to moving averages

The EUR/USD currency pair has declined down to the combined support of the 50, 100 and 200-hour simple moving averages at 1.0930. A resumption of the previous surge is expected to face resistance in the 1.0980 level, the weekly R1 at 1.0987 and the 1.1000 mark. Note that despite being pierced the 1.1000 mark caused the most recent decline of

Tue, 27 Jun 2023 14:56:41 GMT

USD/JPY reaches new high

Despite the Japanese government announcing measures to stop the decline of the Yen, on Tuesday the USD/JPY reached a new high level, as it reached 144.00. The surge was spotted to have been surging due to the support of the 50-hour simple moving average reaching the 143.50 mark. The combined strength caused a sharp surge. An extension of the USD/JPY surge

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.