Gold price reaches 1,820.00

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


The price for gold has been slowly surging, as after passing the resistance of the 50 and 100-hour simple moving averages the price traded close above them. In general, on Wednesday, Tuesday's forecasts remained intact.

If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New Years eve above the 1,830.00 mark. Higher above, the 1,850.00 level might stop a surge.

Meanwhile, a potential decline of the commodity price might find support in the simple moving averages near 1,815.00 and 1,810.00. Further below, note the support of the 1,800.00 mark.
Back to articles

Actual Topics

Thu, 06 Jan 2022 15:49:08 GMT

EUR/JPY returns to pattern's support

The EUR/JPY currency rate's s surge on Friday ended at the 131.60 mark, which acted as resistance and caused a decline. The following decline ended on Thursday morning, as the pair found support in the lower trend line of the channel up pattern that captures the rate's surge since December 19. By the middle of the day's trading, the

Wed, 05 Jan 2022 12:35:55 GMT

USD/JPY declines below support levels

The USD/JPY booked a new five year high level at the weekly R3 simple pivot point at 116.35. The resistance of the pivot point held and caused a decline. By the middle of Wednesday's trading, the rate had retreated below the weekly R2 simple pivot point and the 50-hour simple moving average near 115.80. A continuation of the decline of

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.