Gold waits at 1,775.00/1,785.00

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


After the Federal Reserve hiked its base interest rate and with it strengthened the US Dollar, the price for gold declined. Since early December 15, the price has been consolidating between the 1,775.00 and 1,785.00 levels.

A continuation of the decline of the commodity price could look for support in the 1,763.55/1,766.15 zone, before the 1,750.00 level or the previous low levels at 1,744.75 and 1,739.40 are reached.

On the other hand, a recovery of the price could encounter resistance in the 50, 100 and 200-hour simple moving averages near 1,785.00/1,790.00. Higher above, note the resistance zone at 1,803.30/1,809.85 and the December high at 1,824.50.
Back to articles

Actual Topics

Mon, 02 Jan 2023 11:28:15 GMT

EUR/USD trades near 1.0700

During the holidays, the EUR/USD recovered and reached the 1.0700 mark. However, on January 2 the currency exchange rate traded below the round level. Meanwhile, support appeared to be provided by the combination of the weekly simple pivot point at 1.0671 and the 50-hour simple moving average. A resumption of the surge would have to reach above 1.0700. Higher

Fri, 16 Dec 2022 10:11:41 GMT

USD/JPY faces resistance zone

The post Federal Reserve rate hike surge of the USD/JPY encountered resistance in the 137.95/138.20 zone. The following decline was looking for support. Support might be provided by the 137.00 level, the 136.50 mark and the 50, 100 and 200-hour simple moving averages. Further below, note the 136.00 and 135.50 levels, which have acted as support and resistance. Meanwhile, a surge of

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.