Gold breaks resistance zone

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


At 12:30 GMT on Wednesday, the yellow metal's price jumped due to the release of the US Producer Price Index. The metal managed to pass the resistance zone, which was located below the 1,820.00 level. However, following the surge, the price found resistance in the 1,830.00 mark.

In the case that the 1,830.00 mark fails to continue to provide resistance, the pair would most likely gradually surge from one round price level to another. On the other hand, a decline is highly likely going to find support in the previously passed 1,818.00/1,820.00 zone.

Back to articles

Actual Topics

Thu, 15 Jul 2021 06:29:58 GMT

EUR/JPY decline likely to continue

The common European currency declined by 47 pips or 0.36% against the Japanese Yen on Wednesday. The currency pair breached the 130.00 level during Wednesday's trading session.

Wed, 14 Jul 2021 13:12:17 GMT

USD/JPY drops due to data

At mid-day on Wednesday, the USD/JPY currency exchange rate dropped sharply due to the release of the US Producer Price Index data. During its decline, the rate plummeted below all close by technical support levels. In theory, the rate could decline as low as the previous July low level near 109.55. However, on its way down the pair is most likely

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.