Gold plummets to 1,900.00

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


The price of gold lost the support of the 1,920.00 level on Tuesday morning and sharply plummeted down to the support zone, which surrounds the 1,900.00 mark.

If the commodity price recovers from the support zone, it could face resistance in the 1,920.00 mark and the three hourly moving averages near 1,925.00/1,930.00. Higher above, note previous notable round price levels like 1,940.00 and 1,950.00.

However, a move below the support zone might result in the price looking for support near 1,885.00, 1,880.00 and 1,870.00 these levels managed to impact the price in early December.
Back to articles

Actual Topics

Wed, 01 Feb 2023 08:05:48 GMT

EUR/USD recovery aims at 1.0900

The EUR/USD started a recovery, prior to properly touching the support of the 1.0800 mark. The low levels, which acted as support have been marked on the chart. The follow up recovery had reached above various technical levels including weekly simple pivot points and the 50, 100 and 200-hour simple moving average. The move back up to previous levels

Tue, 31 Jan 2023 10:08:00 GMT

USD/JPY remains near 130.00

Despite other currencies dropping against the US Dollar, it appears that the Yen is holding its ground. The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. The move above 130.00 faces resistance in the 130.50 and 131.00 levels. Both of

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.