Gold approaches 1,730.00 level

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


The price for gold has been highly volatile, as it plummeted at mid-day on Thursday due to the ECB rate hike. However, the price found support in the 1,705.00 level and started a recovery. By the middle of Friday's European trading hours, the commodity price had reached the 1,730.00 level.

An extension of the price's surge might encounter resistance in the 1,735.00, 1,740.00 and 1,745.00 levels. In addition, note the trend line, which connects the Wednesday and Thursday high levels.

On the other hand, a decline of the metal's price could look or support in the 1,725.00 and 1,720.00 levels, before approaching the 50, 100 and 200-hour simple moving averages near 1,710.00. Moreover, the recent low level trend line might act as support.
Back to articles

Actual Topics

Fri, 09 Sep 2022 12:18:58 GMT

EUR/JPY reacts to official comments

The Governor of Bank of Japan Haruhiko Kuroda has stated after meeting with the Prime Minister of Japan Fumio Kishida that high currency movements are undesirable due to their impact on business plans. Namely, 2-3 Yen moves against the Dollar were identified as too high. Meanwhile, the ECB has hiked interest rates and policymakers of the central bank have

Fri, 09 Sep 2022 08:44:03 GMT

USD/JPY retraces to 142.00

The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark. An extension of the decline below 142.00 might look for support in the weekly R1 simple pivot point at 141.44 and the 200-hour SMA near 141.00. Further below, note the 140.50, 140.00 and

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.