Gold breaks resistance zone

Source: Dukascopy Bank SA


The additional support of the 50-hour simple moving average was enough to cause a move of the price for gold above the 1,879.30/1,881.60 resistance zone.

A continuation of the surge might eventually test the 1,900.00 mark. On the other hand, a decline could look for support in the 1,879.30/1,881.60 and 1,867.90/1,870.40 zones.

However, the direction of the price is bound to be dictated by the release of the US Consumer Price Index.
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Thu, 12 Jan 2023 14:38:30 GMT

EUR/USD encounters resistance in pivot point

The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts. On the EUR/USD charts it resulted in a surge up to the resistance of the weekly R2 simple pivot point, which is

Wed, 11 Jan 2023 11:08:10 GMT

USD/JPY tests resistance zone

During the first half of Wednesday's trading hours, the USD/JPY currency pair was testing the resistance of the 132.45/132.65 zone. A recovery of the US Dollar and move above 132.65 might be slowed down by the 133.00, 133.50 and 134.00 levels, before the resistance zone near 134.50 would be once again reached. In addition, note the weekly R1 simple pivot

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