Gold shortly pierces support range

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


On Monday morning, the price of gold shortly traded below the support range that surrounds the 2,500.00 mark. However, by midday, the price was back to fluctuating around the round price level.

If the price recovers, it is expected to face the resistance of the 50, 100 and 200-hour simple moving averages that are together located at the 2,510.00 mark. Higher above, the metal will face the all-time-high level range near 2,530.00.

On the other hand, a decline of the price is expected to look for support in the 2,478.80/2,484.00 range and the 2,470.00 mark.
Back to articles

Actual Topics

Thu, 05 Sep 2024 09:17:09 GMT

EUR/USD returns to 1.1100

After breaking the channel down pattern, the EUR/USD eventually surged, as the rate has managed to reach the combined resistance of the weekly simple pivot point at 1.1097, the 200-hour simple moving average and the 1.1100 mark. A move above 1.1100 might be slowed down by the 1.1150 level and the weekly R1 simple pivot point. Higher above, note the

Mon, 02 Sep 2024 16:37:15 GMT

USD/JPY surge reaches pattern's resistance

The recovery of the US Dollar against the Japanese Yen has reached the combined resistance of the upper trend line of the channel up pattern, the weekly R1 simple pivot point and the 147.00 mark. In general, the pair could now go anywhere in the borders in the borders of the pattern. A potential decline of the pair is expected

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.