Gold reacts to US PPI

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


The price for Gold plummeted below the support of the 50, 100 and 200-hour simple moving averages at mid-day on Tuesday. The move is being attributed to the higher than forecast US Producers Price Index data, which revealed a larger than previously thought demand for the US Dollar.

By the middle of Wednesday's trading, the price had been fluctuating around the 1,770.00 level, as a consolidation appeared to be ongoing in the aftermath of Tuesday's drop.

A potential decline of the yellow metal's price might find support in the December low level at 1,762.20. Further below, round price levels might act as support until the bullion reaches the 1,750.00 mark.

On the other hand, a recovery of the price might find resistance at the 1,780.00 mark. At that level, the 50, 100 and 200-hour simple moving averages were located at mid-Wednesday. Higher above, the 1,790.00 mark and the zone above it might stop a surge.
Back to articles

Actual Topics

Thu, 16 Dec 2021 07:12:04 GMT

EUR/JPY approaches 129.00

The EUR/JPY currency exchange rate jumped on Wednesday at 19:00 GMT. Strangely enough, the surge was fueled by the US Federal Reserve cutting stimulus. However, the pair does not include the US Dollar. More likely, the investment heading to the USD caused a run from the safety of the Japanese Yen. Namely, the Japanese Yen lost value due to

Wed, 15 Dec 2021 14:15:37 GMT

USD/JPY tests resistance zonce

The support of the 200-hour simple moving average held on Tuesday. The SMA caused a surge, which by the middle of Wednesday had reached the resistance zone of the December high level zone at 113.88/113.96. In addition, the weekly R1 simple pivot point was located in the zone at 113.95. A passing of the resistance of the December high zone at

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.