XAU/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
In course of last two trading weeks, Gold has been increasingly volatile. However, starting from April 21 the bullion managed to establish more stable trend, this time the one to the downside. At the moment the metal is hovering just near the upper trend-line of the bearish channel pattern. Therefore, there are more chances for a sell-off in the foreseeable future. Additional pressure on Gold should come from 100-hour SMA at 1,195. Judging from 4H and daily technical indicators, a potential decline should extend down to the pattern's support, in case XAU/USD succeeds in crossing the weekly S1 at 1,190. Meanwhile, traders remain bullish on Gold's perspectives in 74% of cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 24 Apr 2015 12:23:03 GMT

AUD/CHF 4H Chart: Triangle

AUD/CHF approaching a vary important point in its development. Following a sharp appreciation of the Swiss Franc in January, AUD/CHF began trading sideways and the trading range narrowed considerably. It led to emergence of a triangle pattern on a 4H chart. Technical indicators are currently neutral on this cross, meaning that we should have closer look at market sentiment and

Fri, 24 Apr 2015 06:42:04 GMT

USD/NOK 1H Chart: Channel Up

There are signs of the bullish channel emerging on the hourly chart of USD/NOK, as the currency pair bottomed out at 7.72. The US Dollar is expected to find support at 7.83 and continue to appreciate against the Krone. The immediate resistance level is at 7.8750, represented by the daily PP and 200-hour SMA, but the rally is likely to

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.