Gold trades sideways

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


The yellow metal has continued to trade in the 1,810.00/1,815.00 zone. However, on Wednesday, a USD drop was caused by the US ADP payrolls. The event created a test of the 1,820.00 price level for gold. The 1,820.00 mark provided resistance and the bullion returned to trade in the previous zone.

Meanwhile, on Thursday morning, the 100-hour simple moving average caught up with the price. If the SMA provides enough support for a surge to start, the price would test the resistance of the 1,820.00 level. A breaking of the 1,820.00 level most likely could result in a test of the high level zone at 1,830.00/1,835.00.

On the other hand, a decline of the rate below the 55 and 100-hour SMAs and the 1,810.00 level would look for support in the 200-hour simple moving average at 1,803.00.
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Fri, 03 Sep 2021 05:50:20 GMT

EUR/JPY potential target at 131.00

On Thursday, the common European currency edged higher by 42 pips or 0.32% against the Japanese Yen. The currency pair breached the resistance level at 130.40 during yesterday's trading session.

Thu, 02 Sep 2021 07:44:34 GMT

USD/JPY bounces off 110.40

As the rate was testing the resistance of the 110.40 level, the US ADP payrolls caused an all out USD drop. On the USD/JPY charts it resulted in a decline to the support of the 200-hour simple moving average at 109.90. By the start of Thursday's European trading hours, the SMA was still keeping the rate up, as it tested

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