Gold finds support in SMA

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


On Tuesday, the yellow metal dipped below the support zone of 1,810.00 level. However, the price almost immediately found support in the 100-hour simple moving average near 1,802.00. On Wednesday, the price had recovered and traded sideways around the 1,815.00 level.

If the 100-hour simple moving average catches up with the price, the metal could surge. A potential surge could reach first for the resistance of the 1,820.00 level and afterwards the August high levels in the 1,830.00/1,835.00 zone.

On the other hand, a decline of the metal's value could result in a test of the support of the 1,810.00 level, the 100-hour simple moving average at 108.75 and the 200-hour simple moving average near 1,800.00.
Back to articles

Actual Topics

Thu, 02 Sep 2021 05:47:54 GMT

EUR/JPY could continue to edge up

On Wednesday, the common European currency surged by 57 pips or 0.44% against the Japanese Yen. The 50– hour simple moving average led the currency pair higher during yesterday's trading session.

Wed, 01 Sep 2021 10:37:45 GMT

USD/JPY aims at 110.50

Despite piercing the supporting trend line, the USD/JPY did not decline. The rate found support in the 109.60 level and surged. By the middle of Wednesday's GMT trading hours, the pair had reached the 110.40 level. In the near term future the pair could reach for the resistance of the zone that is located above the 110.50 mark. Above the

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.