Gold breaks descending pattern

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


On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average.

A continuation of the surge of the commodity was expected to encounter resistance in the 1.710.00/1,715.00 zone and the 100-hour simple moving average. Higher above, take into account round price levels and the 200-hour simple moving average near 1,730.00.

On the other hand, a resumption of the larger scale decline might look for support in the 1,700.00 mark, the 1,690.00 level and potentially other round price level. Further below, the 2021 low level at 1,670.50 is expected to impact the metal.
Back to articles

Actual Topics

Mon, 05 Sep 2022 07:50:29 GMT

EUR/USD passes support zone

On Monday morning, the EUR/USD currency pair booked a new historical low level, as the rate reached below the 0.9900 mark. However, the pair found support in the 0.9880 level and the weekly S1 simple pivot point at 0.9882. A potential recovery of the Euro against the US Dollar might encounter resistance in the combination of the 50, 100 and

Fri, 02 Sep 2022 09:32:58 GMT

USD/JPY reaches above 140.00

The USD/JPY currency pair has extended its surge above 140.00. During the first half of Friday's trading, the pair was finding support in the weekly R3 simple pivot point at 140.35. A move above the weekly R3 pivot point at 140.35 might encounter resistance in the 140.50 and 141.00 levels, before the USD/JPY reaches the upper trend line of

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.