Gold trades above 1,900.00

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


Gold has reacted to a run to safety. Before the weekend, markets went into safe haven assets, as an escalation of the war in Middle East was expected. The commodity price reacted to the events with a surge to the resistance of the 1,932.50 level. Afterwards, a retracement to the support of the 1,910.00 level occurred. On Tuesday, the metal was observed to be pushed higher by the 50-hour simple moving average.

If the surge resumes, the price is set to face the resistance of 1,932.50, 1,940.00 and 1,950.00 levels. Higher above, note the 1,970.00 and 1,980.00 levels that have acted as resistance in July.

However, in the case of a move below the 50-hour SMA and the 1,910.00 level, the 1,900.00 level could slow down a decline, before the combination of 1,895.00 and the 100-hour simple moving average are reached.
Back to articles

Actual Topics

Wed, 18 Oct 2023 12:38:32 GMT

EUR/USD passes above resistance range

The EUR/USD has passed above the resistance range at 1.0555/1.0565 However, the pair has not managed to reach above the 1.0600 mark and the weekly R1 simple pivot point. An extension of the ongoing surge would have to break the 1.0600 mark and the weekly R1 simple pivot point, before approaching the October high level range at 1.0635/1.0640. On the other

Tue, 17 Oct 2023 09:37:37 GMT

USD/JPY is above resistance range

The USD/JPY currency exchange rate has reached above the 148.50/149.00 range. The previous resistance appears to have turned into support. However, the 149.80 level has acted as resistance, before the pair has hit the 150.00 mark. A move above the 149.80 level is expected to face major resistance in the 150.00 mark. Both the retail sector and large banks consider

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.