Gold retraces to 1,740.00/1,745.00

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


The support of the 1,720.00 mark was enough to cause a retracement back up to the 1,740.00/1,745.00 levels and the 50-hour simple moving average. On Tuesday morning, the 50-hour SMA was pushing the price down, as by 07:30 GMT the price had reached 1,730.00.

A decline of the metal's price might look for support in the 1,720.00 level and the 1,710.00/1,715.00 July low level zone. Further below, the 1,700.00 mark is expected to act as support.

However, a recovery of the commodity would have to pass the 50-hour simple moving average near 1,735.00 and the combination of the 1,740.00/1,745.00 levels and the 100 and 200-hour simple moving averages.
Back to articles

Actual Topics

Tue, 30 Aug 2022 08:55:28 GMT

EUR/JPY surge reaches 139.00

The surge of the Euro against the Japanese Yen eventually encountered resistance in the 139.00 mark. Afterwards, a retracement to the support of the weekly R1 simple pivot point at 138.34 took place. During the morning hours of Tuesday's trading, the pair fluctuated in the 138.30/139.00 range. If the pair resumes its surge higher, the weekly R2 simple pivot

Tue, 30 Aug 2022 07:21:32 GMT

USD/JPY finds support in pivot point

In the aftermath of reaching the 139.00 level, the USD/JPY currency pair declined and found support in the weekly R1 simple pivot point at 138.40. Up to the start of Tuesday's European trading hours, the rate had continued to trade above the technical level. If the US Dollar resumes its surge against the Japanese Yen, the rate would have to

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.