Gold trades sideways

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Source: Dukascopy Bank SA


The yellow metal continued to trade sideways in a wide range. On Friday, analysts marked the borders of the zone. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30.

A large scale fundamental event could end the sideways trading. In the case of a decline, the 1,720.00 and 1,700.00 would most likely provide support. On the other hand, a surge, could find resistance in the 1,750.00 mark.

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Mon, 29 Mar 2021 05:48:28 GMT

EUR/JPY breakout occurs

The single European currency surged by 85 pips or 0.66% against the Japanese Yen on Friday. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session.

Fri, 26 Mar 2021 09:59:39 GMT

USD/JPY passes resistance zone

Just before Friday's mid-day European trading hours, the USD/JPY broke the resistance of the 109.25/109.35 zone. Due to that reason, the rate was expected to reach for the resistance levels that were located from 109.73 to 109.83. In the meantime, the currency exchange rate has revealed a narrow channel up pattern, which has guided the rate's surge since the start of

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