Gold breaks March high

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


The yellow metal's price has reached above the March high level zone that was located above the 1,755.00 level. On Friday, the price found support in the 1,760.00 level. Due to that reason the zone was extended and remains on the chart, as it is expected that it would provide support.

In the meantime, the metal had faced and bounced off the resistance of the 1,770.00 level.

In regards to the near term future, the metal's price could trade sideways between the 1,760.00 and 1,770.00 levels.

If the metal passes the support zone of the March high levels, the bullion could reach the support of the 55, 100 and 200-hour simple moving averages and the 1,750.00 level.

On the other hand, a breaking of the resistance of the 1,770.00 level, the metal could continue to gradually surge, as it finds resistance in round price levels.
Back to articles

Actual Topics

Mon, 19 Apr 2021 05:54:44 GMT

EUR/JPY breakout occurs

The Eurozone single currency has declined by 82 pips or 0.63% against the Japanese Yen since Friday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Monday.

Fri, 16 Apr 2021 07:54:00 GMT

USD/JPY extends decline

The decline of the USD/JPY almost reached the 106.60 level, before recovering. During the early hours of Friday's trading, the pair was aiming at the resistance of the 109.00 level. At the 109.00 level, a resistance zone starts. The zone previously provided support at the start of April and afterwards provided resistance during this week. In addition, note that the 100-hour

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.