Gold reacts to US CPI

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


Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months.

Gold reacted to the news with a breaking of the resistance of the 1,920.30/1,922.60 range and the 50-hour simple moving average and hitting the combination of the 100-hour SMA and the 1,930.00/1,932.25 range. The resistance held and combined with the fundamental reversal of the US Dollar caused a decline.

By midnight to Friday the pair had almost reached the support of the 1,910.25 level, before starting a recovery. By mid-Friday the commodity had recovered and was testing the resistance of the 1,920.30/1,922.60 range and the 50-hour SMA.

A bounce off of the resistance range could look for support in the 1,910.25 level. Further below, support is set to be found in the lower trend line of the channel down pattern and the 1,902.50/1,905.00 range.

However, a breaking above 1,922.60 is set to face the resistance of the 100-hour SMA and 1,925.00 level. Higher above, the 1,930.00/1,932.25 range could stop another attempted recovery, as it has done already three times.
Back to articles

Actual Topics

Tue, 15 Aug 2023 18:35:15 GMT

EUR/USD trades below support

The EUR/USD has retreated below the 1.0935/1.0950 range and shortly traded below 1.0900. On Tuesday, the 1.0950 level was acting as resistance and support was found in 1.0900. A move above 1.0950 is expected to face resistance in the combination of the 100 and 200-hour simple moving averages near 1.0960, before the rate reaches the weekly simple pivot point at

Fri, 11 Aug 2023 09:53:10 GMT

USD/JPY reaches 145.00

Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. On the USD/JPY charts there was an initial fake breaking of the channel up pattern, as the pair shortly traded below

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.