Gold reaches back to 1,850.00

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


The price for gold managed to surge during the mid-day hours of Thursday. The surge of the metal occurred due to the decline of the US Dollar, which was created by the strengthening of various European currencies, as their respective central banks hiked interest rates. The surge eventually settled in the 1,840.00/1,860.00 zone.

In regards to the future, if the metal surges, the price is set to encounter resistance in the 1,860.00, 1,865.00, 1,870.00 and 1,880.00 levels, which all acted as resistance during the first half of June. Higher above, expect the 1,900.00 to slow down a potential surge.

However, a decline below 1,840.00 and the 200-hour simple moving average might look for support in the 50 and 100-hour simple moving averages, before reaching the support zones at 1,825.00/1,830.00 and 1,805.00/1,810.00.
Back to articles

Actual Topics

Mon, 27 Jun 2022 11:05:08 GMT

EUR/USD faces resistance at 1.0600

The EUR/USD currency pair remains below the 1.0600 mark. Note that there is a resistance zone at 1.0600/1.0607. Meanwhile, technical support is located at 1.0535/1.0542. At that zone, the 50 and 100-hour simple moving averages, the weekly simple pivot point and a support trend line are located at. A move above 1.0600/1.0607 could encounter resistance in the weekly R1 simple

Fri, 17 Jun 2022 11:12:01 GMT

USD/JPY surges back to 135.00

A major surge has occurred on the USD/JPY charts. Most of the surge is attributed to the Bank of Japan beating down the value of the Japanese Yen. The central bank announced that it would continue its monetary easing policy despite other banks hiking interest rates. The surge resulted in the rate reaching the 135.00 mark during the first

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.