Gold plummets to 1,900.00

Source: Dukascopy Bank SA


The price of gold lost the support of the 1,920.00 level on Tuesday morning and sharply plummeted down to the support zone, which surrounds the 1,900.00 mark.

If the commodity price recovers from the support zone, it could face resistance in the 1,920.00 mark and the three hourly moving averages near 1,925.00/1,930.00. Higher above, note previous notable round price levels like 1,940.00 and 1,950.00.

However, a move below the support zone might result in the price looking for support near 1,885.00, 1,880.00 and 1,870.00 these levels managed to impact the price in early December.
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Wed, 01 Feb 2023 08:05:48 GMT

EUR/USD recovery aims at 1.0900

The EUR/USD started a recovery, prior to properly touching the support of the 1.0800 mark. The low levels, which acted as support have been marked on the chart. The follow up recovery had reached above various technical levels including weekly simple pivot points and the 50, 100 and 200-hour simple moving average. The move back up to previous levels

Tue, 31 Jan 2023 10:08:00 GMT

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