Gold once again fails to reach new high

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


New resistance and support ranges have been marked on the chart. These ranges have impacted the commodity price throughout August. Most recently, the metal has retreated to the 2,440.00 level, after a third failed attempt to approach the all-time-high levels.

A move below the 2,435.00/2,440.00 range could result in the price looking for support in the 2,430.00 level and the 200-hour simple moving average. Further below, the 2,420.00 mark is set to act as support.

If the price once again moves higher, the 2,450.00 level and the 50-hour SMA near 2,460.00 level might act as resistance. Higher above, the August highs are expected to hold as resistance at 2,475.00/2,480.00.
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Fri, 16 Aug 2024 14:32:13 GMT

EUR/USD confirms support and resistance ranges

The EUR/USD was finding support in the 1.1000 mark, as the US Retail Sales release caused a major decline. Eventually, the decline of the pair found support in the 1.0935/1.0950 zone. By mid-Friday, the pair had recovered to the 1.1000 mark, but at the time of writing it was observed that the resistance was holding and a decline started. The

Wed, 14 Aug 2024 18:50:48 GMT

USD/JPY remains in prior range

Despite the release of US inflation data, the USD/JPY continues to trade almost flat. Resistance is provided by the 147.90/148.20 zone. Support is found in the 146.00/146.50 zone. A potential extension of the prior recovery is set to face the 147.90/148.20 zone. Higher above, note the 148.50/148.85 range and the 149.00 level. Both of these could stop, or even reverse

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