Gold tests high level range

Source: Dukascopy Bank SA


The price of gold remains below resistance at 2.045.10/2,047.75 and above support at 2,027.20/2,030.00. In general, the situation and forecasts are unchanged.

A move above 2,047.75 is expected to immediately face resistance in the 2,050.00 mark. Higher above, note the marked levels that impacted the commodity during its recent surge to all-time-high levels.

However, a potential decline would look for support in the 2,027.20/2,030.00 range. Further below, note the 200-hour SMA near 2,015.00. Below the moving average take into account the 2,007.45/2,012.75 zone. Meanwhile, the 50 and 100-hour SMAs have been failing to impact the commodity.
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Wed, 27 Dec 2023 10:54:02 GMT

EUR/USD surge passes above 1.1050

The EUR/USD currency pair has reached a new high level, as the 1.1008/1.1017 has provided support and caused a move above 1.1050. An extension of the ongoing surge might be slowed down by the 1.1100 mark, before the pair approaches the weekly R2 simple pivot point at 1.1149 and the 1.1150 level. On the other hand, a decline of the Euro

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