Gold drops below 1,775.00

Source: Dukascopy Bank SA


On Friday, the yellow metal's price plunged to the 1,772.35 level, before starting to recover. On Monday, the recovery of the price had retraced to the 1,790.00 level and the previously passed support line of the last week's low levels.

If the price passes the resistance of the 1,790.00 mark, it would immediately encounter the resistance of the 55, 100 and 200-hour simple moving averages at 1,791.31/1,793.50.

However, a decline of the price might look for support in the previous low level at 1,772.35, before aiming at the mid-October low levels at 1,767.40 and 1,760.85.
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Tue, 02 Nov 2021 11:07:21 GMT

EUR/JPY pierces support zone

Despite being passed a couple of times, the 200-hour simple moving average together with the 55-hour simple moving average managed to cause a decline of the EUR/JPY currency exchange rate. On Tuesday, the rate's decline had passed the support zone at 131.57/131.66 and pierced the 131.50 mark. In the case that the rate continues to decline, it could aim at

Mon, 01 Nov 2021 10:09:57 GMT

USD/JPY finds resistance in previous high

The USD/JPY currency exchange rate continued to surge throughout Friday. The surge extended into Monday. However, during the early hours of the day's trading, the pair found resistance in the mid-October high level zone at 114.44/114.47. A passing of the 114.44/114.47 zone might find resistance in the weekly R1 at 114.49, Afterwards, the October high level at 114.70 could provide

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