Gold finds support in 200-hour SMA

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


The price for gold eventually declined, as a broad asset sell off occurred on Monday. The decline passed below both support zones near 1,795.00 and 1,785.00. Eventually, the decline ended, as the commodity price found support in the 1,764.00/1,766.15 range. On Tuesday morning, the range was strengthened by the 200-hour simple moving average, which appeared to be pushing the price up.

An extension of the recovery, the commodity price would face the combined resistance of the 50 and 100-hour simple moving averages and the 1,785.20/1,786.30 zone. Higher above, take into account the recent high level zone at 1,803.30/1,809.90.

On the other hand, a decline of the price for gold would have to pass the 1,764.00 level, before approaching the recent low levels at 1,744.75 and 1,739.40.
Back to articles

Actual Topics

Wed, 07 Dec 2022 11:15:55 GMT

EUR/USD respects moving averages

The EUR/USD eventually passed below the support of the 100-hour simple moving average near 1.0490 and the weekly simple pivot point at 1.0456. However, on Wednesday morning, the pair found support in the 200-hour simple moving average near 1.0440. In addition, it appears that the 1.0450 level acted as support. By the middle of Wednesday's trading, the rate had

Tue, 06 Dec 2022 09:23:36 GMT

USD/JPY extends recovery above 137.00

The recovery of the US Dollar against the Japanese Yen has reached the combination of the 137.50 level and the 200-hour simple moving averages, which have acted as resistance. Meanwhile, on Tuesday morning it was spotted that support was found in the 136.50 level. In the case of the rate resuming the recovery, the pair would have to pass the resistance

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.