Gold remains above SMA

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


Monday's, December 28, forecast had not changed, as the metal remained impacted by the same support level of the 200-hour SMA and still faced the resistance zone that surrounds the 1,900.00 level.

The metal's price is expected to once again test the resistance of the 1,895.00/1,907.00 zone. In the case of this resistance failing, the pair would find resistance in round price levels. For example, the 1,920.00 level could provide resistance, as it did in October.

On the other hand, a bounce off from the resistance would once again look for support. The support could be provided by the 55, 100 and 200-hour simple moving averages in the 1,880.00/1,875.00 area.

If the SMAs fail to push the price up, the 23.60% Fibonacci retracement level at 1,860.60 could keep the rate up.
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Wed, 30 Dec 2020 17:31:00 GMT

USD/JPY tests 103.35 level

After plummeting to the support of the 103.00 level, the rate began a recovery, which immediately found resistance in the 103.35 level. This level has been impacting the rate since December 24. If the rate passes this resistance level, the pair would aim at the combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot

Wed, 30 Dec 2020 16:39:40 GMT

GBP/USD reaches 1.3600 mark

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