Gold tests resistance

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


On Monday, the price for gold was testing the resistance of the 1,910.00 level. This level caused a decline during the middle of the last week.

If the price declines, it would most likely find support in the combination of the 55 and 100-hour simple moving averages at 1,900.00. In addition, the 1,900.00 mark could provide support on its own.

In the meantime, a potential surge would need to pass the resistance of the 1,910.00 level before additional gains could occur.
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Tue, 01 Jun 2021 06:30:43 GMT

EUR/JPY consolidates below 134.00

The EUR/JPY currency pair consolidated below the 134.00 level during Monday's trading session.

Mon, 31 May 2021 11:20:11 GMT

USD/JPY broke 110.00 level

On Friday, the USD/JPY broke the resistance of the 110.00 mark and touched the 110.20 level. However, a surge did not follow, as the rate declined. On Monday, the rate was located near the 109.70 level. In the case of the rate declining in the near term future, the pair could reach for the support of the weekly simple pivot point

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