Gold respects 1,960.00 and 1,975.00

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Source: Dukascopy Bank SA


The price for gold has been ignoring the 50, 100 and 200-hour simple moving averages. Meanwhile, it has been respecting round price levels. Namely, the 1,960.00 and 1,975.00 levels have shown to be able to reverse the price's direction.

A move above 1,975.00 could be slowed down by other round price levels. Eventually, a potential surge would once again test the 2,000.00/2,010.00 range.

However, a decline is expected to look for support in 1,960.00, 1,950.00 and the last week's low level zone at 1,934.30/1,937.15.
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Fri, 31 Mar 2023 13:38:36 GMT

EUR/USD reaches resistance zone

The EUR/USD surge has encountered resistance in the high level zone at 1.0910/1.0930. As a result, by the middle of Friday's trading, the pair had retreated down below 1.0900. A continuation of the decline might look for support in the 50, 100 and 200-hour simple moving averages at 1.0870, 1.0850 and 1.0825. Note that the moving averages could push the

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USD/JPY jumps above 132.50

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