Gold finds resistance at 1,870.00

Source: Dukascopy Bank SA


On Monday, the yellow metal fulfilled the scenario of reaching the 1,845.00 mark. The 1,845.00 level provided support and caused an immediate recovery, which reached the 1,870.00 level. The 1,870.00 level continued to provide resistance into Tuesday. Meanwhile, the 1,850.00 level was providing support. Namely, the price fluctuated in a 20.00 USD range.

In the case of the price ending the sideways trading to the upside, the metal could reach the combined resistance of the 55-hour simple moving average and the resistance of the 1,875.00 level.

On the other hand, a potential decline could once again reach the 1,845.00 zone.
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Wed, 16 Jun 2021 06:36:12 GMT

EUR/JPY bounces off 200– hour SMA

The single European currency declined by 34 pips or 0.26% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour simple moving average during Tuesday's trading session.

Tue, 15 Jun 2021 09:57:15 GMT

USD/JPY reaches above 110.00

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