Gold confirms support at 2,015.00

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


The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance.

The events caused a drop of the price of gold. Eventually, the decline stopped at the 2,015.00 level, which previously was not confirmed as support or resistance. On Tuesday, the price was testing the combined resistance of the 50 and 200-hour simple moving averages and the 2,030.00 level.

A move above 2,030.00 could result in the price facing the 2,035.00/2,040.00 range as resistance. Higher above, note the 2,050.00, 2,055.00 and 2,065.00 levels, which have acted as resistance.

If the commodity price declines, note that the 2,015.00, 2,010.00 and 2,005.00 are capable of providing support, before the price reaches the 2,000.00 mark.
Back to articles

Actual Topics

Thu, 08 Feb 2024 13:02:14 GMT

EUR/USD remains near 1.0720/1.0740

Since encountering support at 1.0720/1.0740, the EUR/USD rate slightly recovered. However, the recovery did not manage to reach the 1.0800 mark, as on Thursday the rate declined and was heading back to the support range. The decline was attributed to recent comments by US central bankers that they want inflation to got down, before considering rate cuts. If the

Tue, 06 Feb 2024 14:01:00 GMT

USD/JPY could reach 149.00

The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The events resulted in 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.