Gold finds support

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


As it was speculated, the price for gold found support in a round price level. That level turned out to be the 1,860.00 level. The support was enough to cause a recovery up to the resistance of the 50-hour simple moving average and the 1,875.00 level.

A move above 1,875.00 could result in the commodity price almost immediately encountering resistance in the 1,880.00 level. Above 1,880.00, the combination of the 100-hour simple moving average and the 1,895.00 level might act as resistance.

However, in the case of a resumption of the decline, the rate could look for support in the 1,860.00 and 1,850.00 levels.
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Tue, 03 Oct 2023 14:15:29 GMT

EUR/USD decline continues

The resistance of the 200-hour simple moving average was enough for the EUR/USD to resume its decline. The decline was slowed down only by the combination of the 50 and 100-hour SMAs and the weekly S1 simple pivot point at 1.0486. On Tuesday, the pair reached the 1.0450 level. The decline of the Euro against the US Dollar is expected

Fri, 29 Sep 2023 10:09:55 GMT

USD/JPY declines to 148.50

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