Gold drops below 1,800.00

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


At mid-day on Tuesday, the price for gold reached below the 1,800.00 level. During early Wednesday's trading, the rate was fluctuating in the 1,795.00/1,800.00 range. It could be observed that round price levels were impacting the metal.

If the metal manages to pass the resistance of the 1,800.00 level, a surge could find resistance in the 200-hour simple moving average near 1,810.00 and the 55 and 100-hour simple moving averages near 1,815.00.

Meanwhile, a decline below the 1,795.00 level might look for support in round price levels. For example, throughout August the 1,785.00, 1,780.00 and 1,775.00 levels served as support.
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Thu, 09 Sep 2021 05:42:33 GMT

EUR/JPY breakout occurs

On Wednesday, the common European currency fell by 45 pips or 0.35% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.

Wed, 08 Sep 2021 08:22:58 GMT

USD/JPY broke resistance at 110.25

The USD/JPY managed to pass the 110.00 level and surged on Tuesday. During the surge, the rate passed the resistance of the 110.25 level and the weekly R1 simple pivot point. On Wednesday morning, the surge had touched the 110.45 level before the rate retraced back down. If the decline of the pair continues, the rate could look for support

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