Gold reaches 1,820.00 level

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Source: Dukascopy Bank SA


On Friday, the price for gold jumped, as it passed the 1,800.00 level and other round price levels. The surge ended when the price made an attempt to pass the resistance of the 1,820.00 mark. After shortly trading above the 1,820.00 level, the rate retreated to trade below it.

A potential surge above the 1,820.00 level could reach for the August high level zone in the 1,830.00/1,835.00 zone. Above this zone, the 1,850.00 mark could provide resistance.

Meanwhile, a decline of the price would most likely look for support in the previous high zone below 1,810.00. Afterwards, the 55, 100 and 200-hour simple moving averages might provide support.
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Tue, 31 Aug 2021 05:55:40 GMT

EUR/JPY breaks resistance level

The common European currency rose by 26 pips or 0.20% against the Japanese Yen on Monday. The currency pair breached the resistance line at 129.65 during Monday's trading session.

Mon, 30 Aug 2021 11:10:58 GMT

USD/JPY declines below SMAs

After making attempts to pass the August high levels near 110.20, the USD/JPY currency exchange rate retreated on Friday. On Monday, the rate traded below the resistance of three hourly simple moving average and the weekly simple pivot point at 109.86. In the case that the 55 and 100-hourly simple moving averages decline, the USD could lose value against the Japanese

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