Gold remains below 1,800.00

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


Since August 18, the yellow metal's price has been fluctuating between the support of the 1,775.00/1,777.00 zone and the resistance of the 1,792.00/1,796.00 levels. Meanwhile, the commodity price was ignoring the 55 and 100-hour simple moving averages that were located between the mentioned zones.

In the case of a surge above the 1,792.00/1,796.00 zone, the commodity price would almost immediately face the resistance of the 1,800.00 level. Above the 1,800.00 mark, the price could reach for the previous August high levels near 1,830.00.

On the other hand, a potential decline below the support zone of 1,775.00/1,777.00 could look for support in the 200-hour simple moving averages.
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Tue, 24 Aug 2021 06:08:43 GMT

EUR/JPY breakout could occur

On Monday, the European single currency edged higher by 82 pips or 0.64% against the Japanese Yen. The currency pair breached the 200– hour simple moving average during Monday's trading session.

Mon, 23 Aug 2021 08:15:23 GMT

USD/JPY returns to pattern

The USD/JPY passed the supporting trend line of the channel up pattern, which guided the rate since August 15. However, the 100-hour simple moving average almost immediately provided the pair with additional support. Afterwards, the rate returned to trading in the borders of the channel. On Monday morning, the USD/JPY currency exchange rate was testing the resistance of the 110.00 level. In

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