Gold remains below 1,650.00

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


The US Federal Reserve caused major USD volatility, which ended with a strengthening of the US Dollar. By the end of the event the price for gold had declined to 1,635.00.

If the price for gold continues to decline, the commodity might find support in this week's low levels near 1,630.00. Further below, note the 1,615.00/1,622.00 zone, which has kept the price up since late September.

However, a price surge of the metal would most likely face resistance at 1,670.00 and levels above 1,680.00.
Back to articles

Actual Topics

Wed, 16 Nov 2022 08:25:34 GMT

EUR/USD respects moving average

The EUR/USD has found support in the 50-hour simple moving average, which has been strengthening the 1.0350 level. The combination of these levels was enough to start a surge. The surge of the Euro against the US Dollar could encounter resistance in the 1.0450 and 1.0500 levels, before reaching the weekly R1 simple pivot point at 1.0512. Higher above,

Wed, 02 Nov 2022 20:17:56 GMT

USD/JPY reveals support zone

The initial announcement of the US Federal Reserve rate hike caused a decline of the USD/JPY to the late October low level zone at 145.13/145.67, which acted as support. Afterwards, explanations about policy that were given by the head of the US Federal Reserve Jerome Powell, caused a surge of the pair. By 20:00 GMT, the pair had approached the

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.