XAU/USD

During the previous trading session, the XAU/USD exchange rate plummeted to the 1,340.00 level. During today's morning, the rate dropped to the support level formed by the 100– and 200-hour SMAs, as well the monthly R2 at 1,333.67  

If the given support holds, it is expected, that a reversal north could occur in the nearest future. However, note, that the rate is pressured by the 55-hour SMA, currently located at 1,342.24. 

If the given support does not hold, it is likely, that the price for gold could continue to decline. A possible downside target is the psychological level at the 1,325.00 mark.

XAUUSD

 

Chart

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Analysis feed

Latest Forex Analysis

Editors’ Picks

AUD/USD clings to 100-day SMA amid few fresh catalysts, eyes on Aussie NAB data

Although AUD/USD has been under pressure for the last two days, mainly due to the trade/political tension, the quote stays above 100-day SMA, currently around 0.6855, as traders await fresh impulse.

AUD/USD News

USD/JPY: Battling to recover the 109.00 threshold

The USD/JPY pair is trading lower in range, hovering around the 109.00 level ahead of the Asian opening. The pair started the day losing some ground, the daily low was set at 108.89.

USD/JPY News

USD/JPY: Battling to recover the 109.00 threshold

The USD/JPY pair is trading lower in range, hovering around the 109.00 level ahead of the Asian opening. The pair started the day losing some ground, the daily low was set at 108.89.

USD/JPY News

AUD/USD clings to 100-day SMA amid few fresh catalysts, eyes on Aussie NAB data

Although AUD/USD has been under pressure for the last two days, mainly due to the trade/political tension, the quote stays above 100-day SMA, currently around 0.6855, as traders await fresh impulse.

AUD/USD News

WTI sidelined near $57.00 a barrel

The crude oil West Texas Intermediate (WTI) is challenging $57.00 a barrel and the 200-day simple moving average (DMA) while the market has been consolidating for the most part of last week.

Oil News

Forex Majors

Cryptocurrencies

Signatures