Gold finds support in 200-hour SMA

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


The price for gold eventually declined, as a broad asset sell off occurred on Monday. The decline passed below both support zones near 1,795.00 and 1,785.00. Eventually, the decline ended, as the commodity price found support in the 1,764.00/1,766.15 range. On Tuesday morning, the range was strengthened by the 200-hour simple moving average, which appeared to be pushing the price up.

An extension of the recovery, the commodity price would face the combined resistance of the 50 and 100-hour simple moving averages and the 1,785.20/1,786.30 zone. Higher above, take into account the recent high level zone at 1,803.30/1,809.90.

On the other hand, a decline of the price for gold would have to pass the 1,764.00 level, before approaching the recent low levels at 1,744.75 and 1,739.40.
Back to articles

Actual Topics

Wed, 07 Dec 2022 11:15:55 GMT

EUR/USD respects moving averages

The EUR/USD eventually passed below the support of the 100-hour simple moving average near 1.0490 and the weekly simple pivot point at 1.0456. However, on Wednesday morning, the pair found support in the 200-hour simple moving average near 1.0440. In addition, it appears that the 1.0450 level acted as support. By the middle of Wednesday's trading, the rate had

Tue, 06 Dec 2022 09:23:36 GMT

USD/JPY extends recovery above 137.00

The recovery of the US Dollar against the Japanese Yen has reached the combination of the 137.50 level and the 200-hour simple moving averages, which have acted as resistance. Meanwhile, on Tuesday morning it was spotted that support was found in the 136.50 level. In the case of the rate resuming the recovery, the pair would have to pass the resistance

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.