Gold recovery finds resistance at 1,910.00

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


At mid-day on Thursday, the price for gold bounced off the resistance of the 1,910.00 level. By 15:00 GMT, the price had declined to the 1,885.00 level.

A continuation of the decline might look for support in the 50 and 100-hour simple moving averages near 1,880.00. In addition, note the 1,872.00/1,878.00 zone, which has acted as both support and resistance.

On the other hand, a potential recovery is highly likely going to encounter resistance in round price levels.
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Fri, 06 May 2022 11:14:24 GMT

EUR/JPY pierces resistance zone

During the first half of Friday's trading, the EUR/JPY currency exchange rate declined and found support in the 200-hour simple moving average, before suddenly surging to the resistance of the 138.00 mark and shortly reaching above it. If the Euro extends its gains against the Japanese Yen, the currency pair might encounter resistance in the 138.50 and 139.00 levels.

Thu, 05 May 2022 14:40:09 GMT

USD/JPY recovers on Thursday

The USD/JPY currency pair has recovered in the aftermath of the US rate hike. By the start of the day's US trading start at 13:30 GMT, the USD/JPY had reached back up to the resistance zone at 130.20/130.50. A move above the 130.20/130.50 zone could look for resistance in the 131.00/131.25 zone. Higher above, note the 131.50 level and the

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