Gold reaches above 1,800.00

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


The yellow metal passed the resistance zone below the 1,795.00 level in a sharp move upwards. During the surge, the rate passed the 1,800.00 mark and confirmed the 1,795.00 level as support. Since the surge at mid-day on Monday, the commodity price has been trading sideways around the 1,805.00 level.

In the case of a surge, the commodity price could reach for the August and July high level zone at 1,830.00/1,835.00. On the other hand, a potential decline could look for support in the 1,795.00 level and the 55 and 100-hour simple moving averages near 1,790.00.

Back to articles

Actual Topics

Wed, 25 Aug 2021 05:13:27 GMT

EUR/JPY could edge higher

The EUR/USD currency pair bounced off a support level formed by the 50– and 200– hour SMAs at 128.66 on Tuesday.

Tue, 24 Aug 2021 09:07:35 GMT

USD/JPY ignores support levels

Despite passing the resistance of the 110.00 level, the USD/JPY currency exchange rate did not surge to the weekly R1 at 110.32. Instead, the pair bounced off the 110.15 level and declined, ignoring all technical support levels. Namely, the 55, 100 and 200-hour SMAs, the weekly simple pivot point and the lower trend line of a channel up pattern were

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.