Gold returns to 1,800.00

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


The 1,810.00 level provided enough resistance for the price of gold to start a decline. On Tuesday morning, the price had reached below the 1,800.00 level and traded between the 1,795.00 and 1,800.00 levels.

A potential recovery of the commodity price could find resistance in the 1,800.00 mark, which would be strengthened by the 55 and 100-hour simple moving averages. Above this level, the 1,810.00 mark together with the 200-hour SMA would provide additional resistance.

On the other hand, a decline below the 1,795.00 mark would have no technical support. However, note that the 1,790.00 level reversed a decline last Friday.
Back to articles

Actual Topics

Tue, 27 Jul 2021 06:29:01 GMT

USD/CAD remains within range

The US Dollar declined by 52 pips or 0.41% against the Canadian Dollar on Monday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.

Tue, 27 Jul 2021 06:04:07 GMT

GBP/JPY bulls likely to prevail

The British Pound edged higher by 104 pips or 0.69% against the Japanese Yen on Monday. The currency pair was pressured higher by the 50– hour simple moving average during yesterday's trading session.

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.