Gold returns to 2,400.00

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


The price of gold declined due to the broad asset sell off. However, the price eventually found support in the 2,370.00 level. By mid-Wednesday, it has once again returned to trade near 2,400.00.

A continuation of the ongoing recovery could encounter resistance in the 200 and 100-hour simple moving averages. In addition, the 2,420.00 level might impact the rate. Higher above, the 2,450.00 level might act as resistance, before the 2,480.00 level is reached.

On the other hand, a potential decline might look for support in the 2,390.00/2,400.00 range, prior to reaching the 2,370.00 mark.
Back to articles

Actual Topics

Fri, 09 Aug 2024 11:21:01 GMT

EUR/USD trades between two zones

Since mid-Tuesday, the pair has been fluctuating around the 1.0900 mark. However, the fluctuation range has its borders. Support is found in the 1.0870/1.0880 range. Resistance is provided by the 1.0940/1.0950 zone. A move above the 1.0940/1.0950 zone is expected to encounter resistance in the weekly S1 simple pivot point at 1.0965. Higher above, the 1.1000 mark is bound to

Wed, 07 Aug 2024 12:50:23 GMT

USD/JPY recovery faces resistance

The major decline of the USD/JPY rate has paused at the 142.00 mark. This range has provided support for a recovery. By mid-Wednesday, the recovery was approaching the 148.50/148.90 range that was expected to act as resistance. A move above the 148.50/148.90 range is expected to face the resistance of the weekly simple pivot point at 149.38 and the descending

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.