Gold jumps above target

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold broke the resistance of the 1,525.00 level on Thursday. It resulted in a sharp surge, which reached the target of the 1,544.31, which was expected to be reached only next week. Moreover, by the middle of Friday's trading, the 1,550.00 level was touched.  

The metal's price has two possible scenarios. The first one is a possible consolidation by trading sideways. That is expected due to the metal surging too sharply and being overbought now.  

On the other hand, the momentum of the surge could continue. In that case the price would test the resistance of the 1,550.00 and the historical high level of 1,554.93.
Back to articles

Actual Topics

Mon, 06 Jan 2020 08:05:22 GMT

EUR/JPY tests 23.60% Fibo level

The Eurozone single currency depreciated by 100 basis points against the Japanese Yen on Friday. The currency pair tested the lower boundary of a descending channel pattern at 120.16 during the previous trading session. 

Fri, 03 Jan 2020 11:28:10 GMT

USD/JPY reaches 108.00

On Friday morning London trading hours, the USD/JPY reached below the 108.00 level.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.