Gold tests high zone

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


Since September 30, the yellow metal's price has been testing the resistance of the last week high zone at 1,761.10/1,765.00. Meanwhile, support is being provided by the 55 and 200-hour simple moving averages and the 1,750.00 mark.

If the price passes the resistance of the recent high levels, the metal could aim at the 1,800.00 level. However, the 1,780.00 and 1,785.00 levels might keep gold down, as it occurred in September.

Meanwhile, a decline would have to pass the 55 and 200-hour SMAs and the 1,750.00 level before aiming at the 100-hour SMA at 1,745.00.
Back to articles

Actual Topics

Tue, 05 Oct 2021 04:39:00 GMT

EUR/JPY likely to maintain channel

During the first half of yesterday's trading session, the common European currency surged by 68 pips or 0.53% against the Japanese Yen. However, the currency pair erased the earlier profit by the end of the day.

Mon, 04 Oct 2021 08:07:01 GMT

USD/JPY decline reaches 111.00

The bounce off from the 112.00 mark has turned into a proper decline, as on Friday the USD/JPY currency exchange rate reached the 111.00 level. On Monday, the rate had paused the decline, as the support of the 200-hour SMA was approaching the pair. Meanwhile, resistance levels were spread out from 111.24 to 111.44. In the near term future, a

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.