Gold finds support in 100-hour simple moving average

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


Gold has retraced back down and found support in the 100-hour simple moving average near the 1,986.00 level. During the first part of Thursday's trading, it was spotted that the price remained below 2,000.00. The metal appeared to be needing additional support to push higher. The support could be provided by the 100-hour SMA moving higher.

The price needs to pas this week's high levels near 2,005.00 to move higher. A surge above these levels is expected to be slowed down by the upper trend line of the channel pattern and round price levels.

However, a potential decline below the 100-hour simple moving average is expected to find support in the 1,985.0 level and the lower trend line of the channel up pattern. A breaking of the pattern would highly likely result in a broader decline of the metal that could be slowed down by the 1,980.00 and 1,970.00 levels and the 200-hour simple moving average.
Back to articles

Actual Topics

Fri, 24 Nov 2023 12:03:10 GMT

EUR/USD remains near 1.0900

Due to the US holidays the markets are closed in the United States, which has reduced volatility. In general, it has resulted in the EUR/USD remaining near the 1.0900 mark. A resumption of the previous decline would have to pass below the 50-hour SMA and the 1.0900 mark. Further below, the rate could look for support in the

Thu, 23 Nov 2023 13:52:41 GMT

USD/JPY continues to surge

The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support. In general, prior forecasts remain unchanged. An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending

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.