Gold breaks pattern

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


In general, the price of gold has broken the channel up pattern on October 23. Afterwards, support was found, before the decline reached the 2,700.00 mark. Since then, the metal has been recovering. However, the metal faces resistance and finds support in round price levels.

For the price to test the all-time high levels near 2,760.00, the metal has to break above the 2,740.00/2,750.00 range. Higher above, it is expected that the 2,800.00 mark will act as a major resistance level.

On the other hand, a decline of the metal might look for support in the 50 and 100-hour simple moving averages near 2,735.00, before approaching the 200-hour SMA and the 2,720.00 level.
Back to articles

Actual Topics

Mon, 04 Nov 2024 14:31:51 GMT

EUR/USD waits near 1.0900

The EUR/USD is waiting for the US Presidential election near the 1.0900 mark. In general, the future direction will be given by the elections. Currently, market analysts expect the Dollar to drop in the case of a Trump win and the opposite, if Harris wins. Namely, Trump's comments on policy signal more stimulus. In the case of an EUR/USD

Mon, 28 Oct 2024 19:53:29 GMT

USD/JPY reveals patterns

The latest surge of the USD/JPY has been attributed to fundamental events. However, it has been noticed that the currency pair has been surging in two channel up patterns for most of October. Most recently, the pair found support in a range at 152.37/152.47, the 50-hour simple moving average and the lower trend line of the channel up. 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.