Gold respects resistance at 2,020.00

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


The price for gold has bounced off the combined resistance of the 2,020.00 level and the 100-hour simple moving average. By mid-Tuesday, the commodity had returned to trade in the 2,000.00/2,010.00 range. In general, previous forecast scenarios remain relevant.

A potential decline below 2,000.00 could look for support in round price levels until the price reaches the April low level zone at 1,969.15/1,974.00.

On the other hand, a surge of the commodity price might be stopped by the combination of the 2,020.00 mark and the 100 and 200-hour simple moving averages. Higher above, note the marked high levels that have acted as resistance during May.
Back to articles

Actual Topics

Wed, 17 May 2023 11:18:24 GMT

EUR/USD reaches new low

The 1.0900 mark held and caused a decline, which on Wednesday morning passed below the support of the 1.0845 level. A continuation of the ongoing decline of the Euro against the US Dollar might look for support in the 1.0800 mark and the weekly S1 simple pivot point at 1.0779. Further below, note the weekly S2 simple pivot point

Tue, 16 May 2023 11:32:02 GMT

USD/JPY is back below 136.00

The USD/JPY currency pair has bounced off the resistance of the weekly R1 simple pivot point. During the follow up decline the pair has passed below the 136.00 level and the 50-hour simple moving average. An extension of the decline might look for support in the 135.35/135.50 range. Further below, note the 135.00 mark and the technical levels which surround

Tue, 16 May 2023 11:05:51 GMT

GBP/USD dips due to UK data

On Tuesday morning, the GBP/USD dipped due to the release of worse than forecast UK employment data. The bad data indicated that the Bank of England would not need to tighten policy, as inflation might come down due to less people buying products. However, by mid-day the rate had recovered and was testing the combined resistance of the 1.2540 level

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.