Gold reaches new high

Source: Dukascopy Bank SA


After consolidating and finding support at 1,910.00, the price for gold has surged and by mid-Tuesday the 1,940.00 mark was pierced. Next target for the surge was the 1,950.00 level.

In the case of a move above 1,950.00, look out for other round price levels to reveal resistance zones.

On the other hand, a decline of the commodity price might find support in the 50-hour simple moving average and the 1,930.00 level. Further below, take into account the 100-hour SMA and the lower trend line of a channel up pattern.
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Wed, 25 Jan 2023 09:33:09 GMT

EUR/USD once again reaches above 1.0900

The EUR/USD found support in the combination of the weekly simple pivot point and the 100 and 200-hour simple moving averages near 1.0840. The event was followed by a surge. By the middle of Wednesday's European trading hours, the pair had reached above 1.0900 and was testing the resistance of the weekly R1 simple pivot point at 1.0906. By

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