Gold tests week's low level

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


On Wednesday morning, the yellow metal's price had reached the support zone of this week's low levels near the 1,750.00 level. In addition, the price had reached below the 55, 100 and 200-hour simple moving averages.

If the bullion declines, the price might find support in round price levels before reaching the September low level at 1,721.00/1,723.00.

However, a recovery of the metal's price might find resistance in the 200-hour SMA at 1,750.00, the 100-hour SMA at 1,754.50 and the 55-hour SMA at 1,760.00.
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Actual Topics

Wed, 06 Oct 2021 11:20:58 GMT

EUR/USD resumes its decline

On Wednesday morning, the EUR/USD was heading to the support of the September 30 low level at 1.1563/1.1568. Future forecasts were based upon whether or not the support zone holds. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. The pair has moved from 9.8 up to 15.0 pips on the release

Tue, 05 Oct 2021 13:30:17 GMT

DUK+/EUR breaks pattern

The DUK+/ERU did not bounce off the upper trend line of the channel down pattern, which guided the rate since late July. Namely, the pair passed the trend line, as it traded almost flat. However, note that since the last review, the rate has surged to the 1.7100 level instead of remaining below a sell order cluster at 1.6900. Daily Candle

Tue, 05 Oct 2021 08:53:19 GMT

Gold price reaches 1,770.00 level

The resistance zone that is located below the 1,765.00 mark, failed to keep the price of gold down. Late on Monday, the price reached above the resistance zone and touched the 1,770.00 level. The 1,770.00 mark provided resistance and caused a retracement down. Economic Calendar Analysis On Tuesday, the US ISM Services PMI at 14:00 GMT could impact the value of

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