Gold bounces off 1,880.00

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


The surge of the yellow metal's price eventually found resistance in the 1,880.00 mark. The price was testing the resistance of the round price level until the Russian government announced that it would move a part of its forces away from the Ukrainian border. This resulted in risk on sentiment and a drop of the price of the metal's price below the 1,850.00 mark. At mid-day, the price was finding support in the 1,845.00 level.

A decline below the 1,845.00 mark would have to also pass the support of the 100-hour simple moving average. Below the SMA, the most close by known support was the 1,830.00 mark, which was being approached by the 200-hour simple moving average. Further below, note the 1,825.00 and 1,815.00 levels. Both of these levels have acted as support and resistance.

On the other hand, a recovery of the price is first set to face resistance at 1,850.00/1,851.60. Afterwards, the 1,865.00 mark is expected to act as resistance, before the 1,880.00 would be reached.
Back to articles

Actual Topics

Wed, 16 Feb 2022 19:28:21 GMT

EUR/USD tests resistance of 1.1400

In the aftermath of the release of the US FOMC Meeting Minutes, the US Dollar's value declined. Due to that reason the EUR/USD currency exchange rate approached the resistance of the 1.1400 mark, which was strengthened by the 200-hour simple moving average and the weekly simple pivot point. If the pair reached above the 1.1400 mark, the Euro would face

Tue, 15 Feb 2022 12:26:25 GMT

USD/JPY tests January high level

At mid-day on Tuesday, the USD/JPY currency exchange rate was testing the resistance of the January high level zone at 115.68/115.71. The rate failed to pass this zone during the late trading hours of Monday. If the rate passes above the 115.68/115.71 zone, the pair would face no resistance as high as the February high level zone at 116.25/116.35 and 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.