Gold fails at recovery

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


The yellow metal ended its sideways trading by surging to the resistance of the 100-hour simple moving average, which held and caused a decline. During the early Monday's trading hours, the rate had reached the support of the 1,690.00 level.

If the 1,690.00 provides support once again, the metal's price could make another attempt to pass the resistance of the 100-hour simple moving average.

On the other hand, in the case of the 1,690.00 level failing, the pair could look for support in the lower trend line of the channel down pattern, which captures the price's one month long decline.
Back to articles

Actual Topics

Tue, 09 Mar 2021 07:29:39 GMT

EUR/JPY bulls could prevail

The EUR/JPY currency pair rebounded from the lower line of an ascending channel pattern at 128.88 on Monday.

Mon, 08 Mar 2021 10:10:40 GMT

USD/JPY consolidates gains

The USD/JPY started to consolidate after reaching above the 108.50 level. Namely, the rate began to trade sideways between 108.00 and 108.50. However, on Monday morning, the rate was making another attempt to surge. In the meantime, the resistance zone of 108.55/108.65 that caused the consolidation has been marked on the chart. If the USD/JPY passes the resistance zone, the pair

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.