Gold trades around 1,740.00

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


Throughout this week, the price for gold has fluctuated between the support of the 1,732.50/1,733.20 zone and resistance at 1,745.30/1,749.60. Meanwhile, for short periods of time the 50-hour simple moving average has managed to impact the price.

In the case of a decline below 1,732.50, the price could find support in the 1,730.00 level, which impacted the metal in September. Further below, round levels might act as support, before the 1,700.00 mark is reached.

Note that the 100-hour simple moving average has reached the 1,745.30/1,749.60 zone. A surge above this zone could encounter resistance in the 1,750.00 mark, before approaching the 200-hour simple moving average near 1,758.00.
Back to articles

Actual Topics

Thu, 24 Nov 2022 09:51:08 GMT

EUR/USD surge reaches pivot point

Due to a broad decline of the US Dollar, the EUR/USD rate has reached a new high level at 1.0448. At that level, the combined resistance of the 1.0450 mark and the weekly R1 simple pivot point at 1.0446 caused a retracement downwards. By the middle of Thursday's European trading hours, the rate had reached the 1.0400 mark. An extension

Wed, 23 Nov 2022 11:21:03 GMT

USD/JPY respects 50-hour SMA

The USD/JPY bounced off the resistance zone at 142.05/142.28 on Wednesday morning and declined to the 141.00 level. During the decline, the pair shortly found support in the 50-hour simple moving average. However, after finding support at 141.00, the rate's follow up recovery encountered resistance in the 50-hour simple moving average and the weekly R1 simple pivot point at 141.43. In

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.