Gold remains near 1,825.00

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Source: Dukascopy Bank SA


Since the middle of Monday's European trading hours, the price for gold has remained near the 1,825.00 level. Moreover, it appears that the price has been trading almost flat with no volatility. However, from a technical analysis perspective, the sideways trading appears normal, as the rate is consolidating previous gains by remaining flat in the borders of a channel up pattern.

A potential surge might start, as soon as the price reaches the support of the channel up pattern and the 50-hour simple moving average, which are both approaching the pair. A move upwards would test the resistance of the summer high level zone at 1,830.00/1,835.00.

If the support levels fail, the price could drop. A drop might find support in the 1,810.00/1,814.00 zone, which has shown to be capable of providing both support and resistance. Further below, note the 1,800.00 mark and the 100 and 200-hour simple moving averages near that level.
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Wed, 10 Nov 2021 15:40:22 GMT

EUR/JPY recovers on Wednesday

First of all, note that the previously drawn support zone near 130.80 was pierced. In-depth analysis and the recent recovery of the EUR/JPY currency pair revealed that the zone's bottom border is actually located at the October 11 low level at 130.63. The zone has been adjusted on the charts. On Wednesday, the rate recovered, as by 14:00 GMT, the

Tue, 09 Nov 2021 12:25:31 GMT

USD/JPY trades below 113.00

On Monday, the decline of the USD/JPY currency pair reached below the support of the 113.00 mark, which was strengthened by the weekly S1 simple pivot point. On Tuesday, the rate retraced back up and confirmed the 113.00 level as a resistance. Namely, the pair moved back up and bounced off the 113.00 mark. If the rate continues to decline, the

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