Gold breaks resistance zone

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


The price for gold was highly volatile during the recent interview of Jerome Powell. On Wednesday morning, the commodity price managed to reach above and confirm the 1,878.50/1,881.15 zone as support.

A move higher by the commodity price might encounter resistance in the 1,890.00 level and the 100-hour simple moving average, before reaching the 1,900.00 mark.

On the other hand, a decline of the price would look for support at 1,878.50/1,881.15 and the 50-hour simple moving average near 1,875.00. Further below note the low level zone at 1,859.75/1,862.50.
Back to articles

Actual Topics

Fri, 10 Feb 2023 11:01:34 GMT

EURUSD returns to 1.0700

The EUR/USD shortly pierced the resistance zone at 1.0762/1.0766 due to the publication of lower than forecast German Consumer Price Index. Namely, for some reason the lower than expected inflation was seen by the markets as positive for the Euro. However, the pair did not remain above the resistance zone for long. On Friday, the pair was back near

Wed, 08 Feb 2023 11:33:43 GMT

USD/JPY declines to 130.50

The comments made by Jerome Powell on Tuesday at an interview caused a drop of the US Dollar. On the USD/JPY currency exchange rate charts it resulted in a decline to the combined support of the 130.50 level and the 100-hour simple moving average. A move below 130.50 and the 100 and 200-hour simple moving average might look for support in

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.