Gold returns to 2,000.00

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


The resistance of the 2,050.00 mark held and caused a drop to the 2,000.00 mark. The commodity price appears to be fluctuating around the 2,000.00 mark.

A decline of the commodity price is expected to look for support in the 1,985.00 level that acted as support on April 9. Further below, other round levels might act as support.

On the other hand, a recovery is set to face the 50 and 100-hour simple moving averages near 2,020.00, the 2,030.00 level and the 2,050.00 mark.
Back to articles

Actual Topics

Wed, 19 Apr 2023 09:46:46 GMT

EUR/USD remains below 1.1000

The EUR/USD has revealed a support and resistance zone. Most recently, the pair bounced off the resistance of the 1.0982/1.0984 range. On Wednesday morning, the pair passed the combination of the weekly simple pivot point and the 50 and 200-hour simple moving averages. The ongoing decline of the pair is expected to look for support in the 1.0910 level,

Mon, 17 Apr 2023 13:08:31 GMT

USD/JPY pierces resistance zone

The USD/JPY has pierced the high level zone at 133.87/134.00. The recent surge has been part of a broader USD recovery against other currencies. A move above 134.00 might encounter resistance in 134.50 and the weekly R1 at 134.58. Higher above, note the 135.00 mark, which has acted as support and resistance during February and March. However, a potential decline 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.