Gold surge reaches 1,930.00

Source: Dukascopy Bank SA


The surge of gold has continued, as the resistance of the 1,900.00 mark was eventually passed and turned into support. This week, the price almost reached the 1,930.00 level, before retracing to look for support in the 1,910.00 level and the 50-hour simple moving average.

A resumption of the surge of the commodity price might encounter resistance in the 1,930.00 level, prior to testing the resistance of the 1,950.00 mark.

On the other hand, take into account that the metal's price could decline below 1,910.00. In this case gold is expected to look for support in the 1,900.00 mark and the 100-hour simple moving average.
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Wed, 18 Jan 2023 11:35:32 GMT

EUR/USD tests resistance zone

The EUR/USD was approaching the support of the 1.0750 level, as a surge started. The surge was caused due to a broad decline of the US Dollar, which was caused by a strengthening of the Japanese Yen. On the EUR/USD charts it resulted in a test and failure at passing the resistance zone at 1.0865/1.0875. At mid-day on Wednesday, the

Mon, 16 Jan 2023 21:54:06 GMT

USD/JPY reveals support zone

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