Gold tests 2,000.00 mark

Source: Dukascopy Bank SA


The yellow metal has once again reached the 2,000.00 mark. The market appears to have returned to risk off sentiment. Meanwhile, it has been spotted that the commodity faces a resistance zone at 2,000.00.

A move above the 2,000.00/2,010.00 zone could encounter resistance in other round levels, before reaching the 2022 high levels near 2,070.00.

On the other hand, a decline of the price is expected to look for support in the 50 and 100-hour simple moving averages near 1,970.00. Further below, the prior high levels might turn into support at 1,960.00 and 1,950.00.
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Mon, 27 Mar 2023 18:36:03 GMT

EUR/USD recovers to 1.0800

The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it. An extension of the ongoing decline might encounter resistance in the 1.0850 and 1.0900 levels, prior to testing the combined resistance of the weekly R1

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USD/JPY declines to 130.00

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