Gold reaches below 1,900.0 and 1,895.00

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


Gold has extended its decline. For a short period, the 1,900.00 mark held, but eventually the commodity declined as low as 1,890.00.

Next target for the price decline is the lower trend line of the channel down pattern. Although, it is highly likely that the price will reveal new support levels near round prices.

Meanwhile, a recovery of the metal's value would face resistance at 1,895.00, 1,900.00 and the 1,905.00 levels. In addition, note the upper trend line of the channel down pattern.
Back to articles

Actual Topics

Thu, 28 Sep 2023 15:36:38 GMT

EUR/USD respects pattern's support

The EUR/USD has started a recovery from the combined support of the 1.0500 mark and the lower trend line of the channel down pattern. During the early hours of Thursday's US trading, the pair had reached the 1.0570 level. A potential surge of the pair is expected to face resistance of the 100-hour simple moving average at 1.0570, the weekly

Wed, 27 Sep 2023 13:11:25 GMT

USD/JPY breaks pivot point

The USD/JPY consolidated above the 148.80 level and the weekly R1, as it was approached by the support of the 50-hour simple moving average. The SMA managed to push the rate higher and through the weekly R2 simple pivot point's resistance at 149.18. Note that the pivot point might have failed due to the consolidation and the fact

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.