Gold continues to decline

Source: Dukascopy Bank SA


In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to be impacted by price levels.

If the price continues to decline, it would eventually reach the December low levels at 1,762.20/1,763.80. Below this level, the next target could be the 1,750.00 mark.

A recovery of the price might find resistance in round price levels until it reaches the combined resistance of the 50, 100 and 200-hour simple moving averages near 1,780.00.
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Tue, 14 Dec 2021 08:38:46 GMT

EUR/JPY finds support in 128.00

The EUR/JPY currency exchange rate has been trading above the support of the 128.00 level since Monday's trading hours. Meanwhile, resistance was being provided by the weekly simple pivot point at 128.33 and the 50-hour simple moving average near 128.20. If the pair declines below the 128.00 mark, it could look for support in the Friday low level at at

Fri, 10 Dec 2021 11:35:35 GMT

USD/JPY surges on Friday

The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. A passing of the high level zone at 113.88/113.97 might result in a surge to the weekly R2 simple pivot point at 114.53. However, note that the 114.00 and 114.50 levels might act as resistance. Meanwhile,

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