Gold plummets to new low levels

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


As the US Dollar continues to strengthen, the price for gold has plummeted. By the middle of Wednesday's European trading hours, the commodity had reached the 1,760.00 level. The price has not been this low during 2022.

In the meantime, note that the 1,740.00/1,760.00 zone acted as support during a couple of periods in 2021. Namely, it acted as support in the early summer and early winter.

If gold continues to lose value, compared to the US Dollar, the price could eventually reach the 1,700.00 level, which, despite being pierced, acted as support in early 2021. Afterwards, the 2021 low level at 1,670.50 might stop a decline.

On the other hand, a potential decline might encounter resistance in the 1,771.30/1,772.90 zone. The zone acted as resistance to the price since the second part of Tuesday's trading.
Back to articles

Actual Topics

Thu, 07 Jul 2022 11:24:48 GMT

EUR/USD retraces and finds resistance

After reaching a new low level at 1.0162, the EUR/USD started a minor recovery. On Thursday morning, the recovery found resistance in the weekly S2 simple pivot point and the 1.0220 level. In the meantime, the pair was being approached by the 50-hour simple moving average. If the Euro continues to decline against the US Dollar, the pair could look

Wed, 06 Jul 2022 10:35:02 GMT

USD/JPY reveals resistance zone

The USD/JPY currency exchange rate has revealed that it faces resistance at the 136.28/136.38 zone. The zone was strong enough to cause a decline, which by the middle of Wednesday's European trading hours had almost reached the 135.00 level. In the case of the pair declining below the 135.00 mark, support could be found in the 134.75/134.80 zone, before the rate

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.