Gold breaks resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The metal broke the resistance of the 1,740.00/1,745.00 zone on Friday. On Monday, this zone already began to provide support to the commodity price. In the upcoming trading sessions on Tuesday and Wednesday, the metal was expected to trade sideways or surge.

Namely, sideways trading above the 1,745.00 mark was expected for the metal to consolidate its gains. The sideways trading could continue until the support of the hourly simple moving averages approach the metal's price.  

On the other hand, there are no technical resistance levels that could stop a surge, which could be caused by a fundamental announcement. The most close by technical resistance was a monthly pivot point at 1,773.62.
Back to articles

Actual Topics

Thu, 25 Jun 2020 09:56:23 GMT

EUR/USD could go downwards

On Tuesday, the EUR/USD currency pair breached the medium-term falling wedge pattern north. However, the pair failed to exceed the 1.1340 level and reversed south.

Mon, 22 Jun 2020 11:07:00 GMT

USD/JPY trades sideways

The USD/JPY has continued to trade in the range between the 106.80 and 107.00 levels. In theory, any sideways trading ends. It can end by surging or declining. 

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.