Gold books new low level

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Source: Dukascopy Bank SA


Gold booked a new low level during early Thursday's trading, as the price for gold shortly fluctuated at the 1,769.00 level. In the meantime, it was spotted during the afternoon that the 50-hour simple moving average and the previous support zone at 1,778.60/1,782.70 were providing resistance to the metal's recovery.

A potential resumption of the decline of the metal could decline from one round price level to another. However, note the lower trend line of the channel down pattern near 1,765.00. The trend line might provide support.

On the other hand, a move above the 50-hour simple moving average and the zone at 1,778.60/1,782.70 is highly likely going to result in a test of the resistance of the 100-hour SMA near 1,785.00. Above the 100-hour SMA, the 200-hour SMA near 1,800.00 might act as resistance.
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Fri, 03 Dec 2021 07:39:49 GMT

EUR/JPY finds resistance at 128.20

On Thursday, the EUR/JPY currency exchange rate found resistance in the 128.20 level. The 128.20 mark's resistance was tested two times, before a decline of the pair began. On Friday morning, the rate was being pushed down by the 50-hour simple moving average. If the pair continues to decline, it would most likely once again look for support in the

Thu, 02 Dec 2021 14:17:53 GMT

USD/JPY respects descending pattern

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