Gold remains above 2,000.00

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


The 2,000.00/2,010.00 range has once again impacted the price for gold. The commodity found support in the range and recovered to the 2,020.00 level, where it remained up to mid-Monday.

A potential decline below 2,000.00 could look for support in round price levels until the price reaches the April low level zone at 1,969.15/1,974.00.

On the other hand, a surge of the commodity price might be stopped by the combination of the 2,020.00 mark and the 100 and 200-hour simple moving averages. Higher above, note the marked high levels that have acted as resistance during May.
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Tue, 16 May 2023 10:38:30 GMT

EUR/USD tests 1.0900

The EUR/USD has managed to pass the resistance of the 50-hour simple moving average. However, on Tuesday morning, the resistance of the 1.0900 mark was still holding. Above the 1.0900 mark, note the weekly simple pivot point at 1.0916 and the 100-hour simple moving average. In the case of these levels being broken, the rate could aim at the 200-hour

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