Gold remains near 1,500.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold has remained near previous levels, as it failed to pass the resistance of the 1,515.00 level on Friday. The failure was attributed to the release of US Employment data on Friday, which strengthened the US Dollar.  

In regards to the near term future, the commodity price is set to test the support of the 100 and 200-hour simple moving averages and the monthly pivot point. The price would reach these technical levels near the 1,500.00 mark. 

If these levels get passed, the metal would have no technical support as low as 1,463.00. On the other hand, a rebound would first test the 55-hour SMA at 1,505.00 and afterwards the 1,515.00 and 1,520.00 levels.
Back to articles

Actual Topics

Tue, 08 Oct 2019 08:28:43 GMT

EUR/JPY breakout occurs

The price movement of the common European currency against the Japanese Yen was guided by bullish sentiment. The currency pair appreciated about 74 basis points during yesterday's trading session.

Mon, 07 Oct 2019 09:37:43 GMT

USD/JPY trades near 55-hour SMA

During Monday's Asian trading session, the USD/JPY tested the resistance of the 55-hour simple moving average, which had held the rate down since Friday.

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.