Gold is back below 2,000.00

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


The price for gold had already started a decline, as the US employment data was released on Friday. The higher than expected data sets caused a surge of the value of the USD, which in turn caused a drop of the price for gold. Eventually, the price found some support near the 2,000.00 mark, but an attempted recovery failed at the 2.007.45/2.012.75 range.

On Monday, the decline continued, as the commodity price reached below the 1,990.00 and 1,980.00 levels. In general, the price could either consolidate until the hourly simple moving averages catch up or continue to decline.

A consolidation of the commodity price might result in the metal trading flat around 1,980.00 or a retracement back up to the resistance of the 1,990.00 level or the 2,000.00 mark.

In the case of an extension of the decline, support might be found in 1,970.00 or 1,950.00 levels.
Back to articles

Actual Topics

Wed, 13 Dec 2023 13:00:30 GMT

EUR/USD waits for Fed rate hike

The pair remains between support at 1.0740 and resistance of the 1.0820 level throughout this week. The only exception was the mixed US CPI release on Tuesday that caused an increase of volatility, but no direction was established. The markets wait for the Federal Reserve Rate announcements at 19:00 GMT. The event should easily break the moving averages, weekly

Mon, 11 Dec 2023 18:52:59 GMT

USD/JPY recovers to 146.50

A combination of two fundamental trends has caused a surge of the USD/JPY. First of all, the US better than expected monthly employment data caused a strengthening of the USD. Secondly, the markets realized that the Bank of Japan has not made a promise to change their policy, but is just evaluating its ultra easy policy. By mid-Monday, the rate

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.