Gold trades at 1,720.00/1,730.00.

Source: Dukascopy Bank SA


In the aftermath of almost touching the 1,740.00 level, the price for gold declined. On Monday morning, the pair was trading sideways between the 1,720.00 and 1,730.00 levels.

In the case of a decline of the commodity price, support might be found in the 50, 100 and 200-hour simple moving average combination near the 1,710.00/1,715.00 levels. Further below, the 1,700.00 mark is expected to act as support.

On the other hand, a surge of the bullion might encounter resistance in the 1,740.00 level, before approaching the resistance zone at 1,743.85/1,752.60.
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Tue, 26 Jul 2022 07:40:46 GMT

EUR/USD respects resistance of 1.0250

Since the middle of Monday's trading, the EUR/USD appears to have reduced the range of the pair's sideways trading, as the rate has been fluctuating between the 1.0200 and 1.0250 levels. In the meantime, on Tuesday it was observed that the 50 and 100-hour simple moving averages had begun to provide support to the pair. If the Euro manages to

Mon, 25 Jul 2022 07:17:12 GMT

USD/JPY reaches new low level

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