Gold breaks 1,800.00 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA


As soon as the yellow metal's price passed the resistance of the 1,800.00 level, the price jumped by 0.80%. By the middle of Friday's trading, the price had reached the 1,820.00 level.

In the near term future, the metal was expected to consolidate its gains by trading sideways.

Afterwards, the 55, 100 and 200-hour simple moving averages could catch up and provide the needed support for the metal's price to resume its surge. A potential target for a surge would be the February high level of 1,855.00.

On the other hand, note that a consolidation could take place by retracing back down to the 1,800.00 level.
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Mon, 10 May 2021 06:19:27 GMT

EUR/JPY breakout could occur

The common European currency surged by 57 pips or 0.42% against the Japanese Yen on Friday. The currency pair tested the 132.40 level during Friday's trading session.

Fri, 07 May 2021 07:18:58 GMT

USD/JPY found support below 109.00

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