Gold pierces 2,450.00 mark

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


The price of gold is testing the resistance of the 2,450.00 mark. It appears that there is a sort of resistance zone at 2,450.00/2,460.00.

A move above the 2,450.00/2,460.00 range is set to face the all-time-high level range near 2,480.00

On the other hand, a potential decline might look for support in the 2,390.00/2,400.00 range, prior to reaching the 2,370.00 mark. Meanwhile, the hourly simple moving averages are not expected to impact the commodity.
Back to articles

Actual Topics

Wed, 14 Aug 2024 18:31:03 GMT

EUR/USD breaches resistance of 1.1000

The EUR/USD has managed to not only pass the resistance of the 1.0940/1.0950, but also the 1.1000 mark. Most recently, the pair extended its surge and found resistance at 1.1040. The resistance was enough to force the pair to start a decline. In the near term future, the rate was expected to look for support in the 1.1000 mark. If

Mon, 12 Aug 2024 14:24:07 GMT

USD/JPY still faces 148.00 mark

Since Wednesday, the recovery of the US Dollar against the Japanese Yen has stalled at the resistance of the 148.00 mark. Meanwhile, support is found in the 50 and 100-hour simple moving averages and the 146.00 level. In general, the pair is waiting for more data or events that would reveal direction. A potential extension of the recovery is set

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.