Gold remains above support

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


By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range.

A move below 1,930.00 is set to find support at 1,925.00, prior to the commodity price reaching the support range above 1,920.00.

On the other hand, a surge of gold's price is expected to face resistance in the combination of the 1,940.00 level and the 50 and 100-hour simple moving averages. Higher above, take into account the 1,945.00 and 1,950.00 levels and the 200-hour simple moving average.
Back to articles

Actual Topics

Wed, 09 Aug 2023 09:46:28 GMT

EUR/USD respects support zone

The EUR/USD continues to wait for the US CPI in the same range, as it has bounced off the support zone at 1.0935/1.0950 and recovered back to levels near 1.1000. Forecasts remain unchanged. A decline might look for support in the 1.0935/1.0950 range, before reaching the weekly S1 simple pivot point at 1.0928. Further below, note the 1.0900 mark, the

Tue, 08 Aug 2023 10:36:17 GMT

USD/JPY approaches 143.50 level

On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. A move above 143.50 and the weekly R1 simple pivot point at 143.49 could be slowed down by the 144.00

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.