Gold confirms 1,900.00/1,905.00 as support

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


The speech by Jerome Powell at Jackson Hole symposium created major volatility. The price for gold fluctuated between the support of the 1,902.50/1,905.00 zone and resistance of the 1,920.25/1,923.00 range. On Monday, the price was located near 1,915.00 and appeared to be consolidating before another test of the mentioned resistance range.

In general, previous future scenarios remain unchanged. A move above 1,923.00 could be slowed down by the 1,925.00 level, before the price reaches the 1,930.00/1,932.25 resistance zone.

On the other hand, a decline of the price below 1,915.00 could look for support in the 100-hour simple moving average and the 1,910.25 level. Further below, the 1,902.50/1,905.00 might once again act as support.
Back to articles

Actual Topics

Tue, 29 Aug 2023 12:40:46 GMT

EUR/USD passes below 1.0800

Due to a broader Dollar's strength, the EUR/USD has passed below the 1.0800 mark. From a technical perspective, the pair bounced off the resistance range at 1.0835/1.0845, which caused the recent decline. A continuation of the EUR/USD decline could look for support in the Friday's low level at 1.0766. Below the low level, take into account the weekly S1

Mon, 28 Aug 2023 13:56:21 GMT

USD/JPY consolidates at 146.25/146.55

The speech by Jerome Powell at Jackson Hole symposium created major volatility, during which the USD/JPY managed to pierce the 146.25/146.55 range. However, the event was not followed by a broader surge. Instead, up to mid-Monday the rate fluctuated in the previous resistance range. In the case of the 146.25/146.55 range turning into support, a broader surge might be slowed

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.