Gold reaches below 1,950.00

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Source: Dukascopy Bank SA


Gold has extended its decline, as the commodity traded 1,945.00 per ounce during mid-Thursday.

An extension of the ongoing decline is set to look for support in previously notable levels like the 1,940.00 mark and the 1,932.25 level. Below these levels, round price levels could impact the price, before the 1,910.25 support would be reached.

However, in the case of a potential recovery resistance could be found in the 1,956.60/1,957.10 range and the descending 50-hour simple moving average. Higher above, take into account the 1,970.00 mark and the 100-hour simple moving average.
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Fri, 10 Nov 2023 11:25:01 GMT

EUR/USD 200-hour SMA reaches support range

The 200-hour simple moving average has reached and strengthened the support of the 1.0655/1.0665 range. Meanwhile, the 50 and 100-hour simple moving averages appear to be failing at impacting the EUR/USD. A surge of the Euro against the US Dollar is set to face various resistance levels. Initially, the 1.0720 level could reverse another attempt at moving higher. Afterwards, note

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