Gold recovers from 1,700.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Gold found support in the 1,700.00 price level. It resulted in a surge, which by the middle of Monday's European trading hours had reached above the 1,730.00 level.

In the case of the surge continuing, the price could test the resistance of the 1,740.00 level, which provided resistance on Thursday. If this level gets passed, most likely the 1,750.00 level would provide resistance.

On the other hand, a decline would look for support in the 55-hour simple moving average, which kept the price up since late Friday's trading hours.
Back to articles

Actual Topics

Tue, 16 Mar 2021 06:40:18 GMT

EUR/JPY could push higher

The single European currency declined by 41 pips or 0.31% against the Japanese Yen on Monday. The EUR/JPY currency pair breached the 50– hour simple moving average during yesterday's trading session.

Mon, 15 Mar 2021 11:52:30 GMT

USD/JPY reaches new high

In the aftermath of breaking the channel down pattern, the USD/JPY surged and reached a new high level. However, after booking a new high, the pair began to decline. In the near term future, the pair was expected to look for support at the 108.87 level. At that level the weekly simple pivot point and the 55 and 100-hour simple

Subscribe to "Fundamental Analysis" feed

Souscrire
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.