Gold faces resistance at 2,070.00

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Source: Dukascopy Bank SA


The surge of the price for gold face the resistance of the 2,070.00 level. However, most recently, the 50-hour simple moving average has been pushing the commodity up and could cause a breaking of the resistance.

In the case of a surge above 2,070.00, the 2,075.00 and 2,090.00 levels could slow down the commodity price, before the 2,100.00 would be reached.

On the other hand, a decline of the commodity price below the 50-hour simple moving average would look for support in the 2,055.00 and 2,050.00 levels. In addition, note that the 100-hour simple moving average was strengthening the 2,050.00 mark during Wednesday's trading.
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Thu, 28 Dec 2023 11:17:38 GMT

EUR/USD confirms 1.1100 as support

The surge of the EUR/USD currency pair continues, as it has reached a new high level. Namely, the pair passed above the 1.1100 mark and confirmed it as support. By mid-Thursday, the rate had touched the 1.1140 level. The pair is set to face the resistance of the weekly R2 simple pivot point at 1.1149 and the 1.1150 level. A

Wed, 27 Dec 2023 11:28:06 GMT

USD/JPY could be pushed up

The USD/JPY kept respecting the resistance of the 50-hour simple moving average during early trading of the week. However, the SMA eventually broke and turned into support. The 50-hour SMA could push the rate up into testing the resistance of the weekly simple pivot point at 143.23, before the rate once again tests the 144.30/145.00 range. In the meantime,

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