Gold reaches below support

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


The support of the 50-hour SMA eventually failed to push the commodity price through the resistance of the 1,784.20/1,786.60 zone. On Thursday morning, the follow up decline passed below the 1,766.15/1,768.30 range and the 100-hour simple moving average.

A potential extension of the ongoing decline might look for support in round price levels like the 1,760.00, 1,750.00 and 1,740.00, before reaching the 200-hour SMA near 1,735.00.

However, a recovery of the commodity price might face resistance in the 50-hour simple moving average near 1,775.00. Higher above, note the 1,784.20/1,786.60 resistance zone.
Back to articles

Actual Topics

Mon, 21 Nov 2022 15:30:22 GMT

EUR/USD retreats below 1.0250

On Monday, the EUR/USD passed below the 200-hour simple moving average near 1.0280, the 1.0250 mark and the weekly S1 simple pivot point at 1.0236. An extension of the ongoing decline might look for support in the 1.0200 mark and the combination of the 1.0150 level and the weekly S2 simple pivot point. Note that round levels have been impacting

Thu, 17 Nov 2022 09:01:32 GMT

USD/JPY faces resistance in 100-hour SMA

On Thursday morning, the USD/JPY rate was reached by the additional resistance of the 100-hour simple moving average near 139.60. A resumption of the US Dollar's decline against the Japanese Yen could look for support in round exchange rate levels like the 139.00 and 138.00 mark, before reaching the weekly S1 simple pivot point at 135.63. However, a recovery of the USD

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.