Gold breaks pattern

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


Even prior to the US Federal Reserve rate hike, the price for gold broke the channel up pattern to the downside and retreated to 1,940.00. However, the US Federal Reserve rate hike and press conference resulted in an apparent recovery of the commodity price. By the middle of Thursday's European trading, the price had reached 1,980.00.

A continuation of the recovery is highly likely going to encounter resistance in the 2,000.00 mark. Higher above, note that other round levels could turn into resistance.

On the other hand, a possible decline of the metal's price is set to look for support in the February high and the 50 and 100-hour simple moving averages at 1,960.00. Further below, take into account the 1,950.00 mark and the January high at 1,949.00.
Back to articles

Actual Topics

Fri, 24 Mar 2023 07:37:19 GMT

EUR/USD reveals resistance zone

The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. An extension of the decline of the Euro against the US Dollar might look for support

Thu, 23 Mar 2023 12:22:42 GMT

USD/JPY respects round levels

Despite the US rate hike impacting the USD/JPY, the fundamental event appears to have only set the direction of the rate. Namely, the pair still finds support in round exchange rate levels. On Thursday, the 130.50, 131.00 and 131.50 were acting as support and resistance. A surge of the US Dollar against the Japanese Yen would have to reach above the

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.