Gold returns back below 2,050.00

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


The consolidation of gains of the metal's price ended with a sharp surge that shortly reached above 2,140.00. Namely, the metal surged by 4.61% as a new month started. However, the gains were quickly erased, as the price returned to levels near 2,020.00.

On Wednesday, the price was finding support in 2,020.00 and resistance was provided by the 50-hour simple moving average.

A move above the 50-hour simple moving average could encounter resistance in the 2,040.00 and 2,050.00 levels and the 100-hour simple moving average between the two levels. Higher above, note the 2,060.00 and 2,075.00 levels that have shown to be capable of acting as resistance and support.

On the other hand, a decline is expected to look for support in the 2,010.00 level, before the price approaches the 2,000.00 mark.
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Thu, 07 Dec 2023 15:32:50 GMT

EUR/USD remains below 1.0800

The EUR/USD has confirmed the support and resistance zone at 1.0800/1.0805 and that there is support at 1.0760. Meanwhile, as the rate has fluctuated sideways, it has pierced the upper trend line of the December channel down pattern. A surge of the Euro against the US Dollar would have to pass the 1.0800/1.0805 range and the descending 100-hour simple moving

Wed, 06 Dec 2023 13:42:19 GMT

USD/JPY continues to respect round levels

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