Gold tests 1,870.00 level

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


During Monday's Asian trading hours, the price for gold reached above the November 10 high level, as the price touched the 1,870.00 level's resistance. However, afterwards, the price retraced back down, before appearing to start another attempt to pass the resistance of the 1,870.00 level.

In the case that the price passes above the 1,870.00 level, the yellow metal could eventually approach the 1,900.00 mark. Although, note that round price levels might provide resistance.

On the other hand, a decline of the price might find support in the 100-hour SMA near 1,850.00, before reaching the support zone at 1,841.70/1,845.60.
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Wed, 17 Nov 2021 11:33:21 GMT

EUR/JPY touches low level zone

On Wednesday morning, the EUR/JPY currency exchange rate touched the support zone at 129.40/129.50. The rate found enough support to retrace back up to the resistance of the 50-hour simple moving average near the 130.00 mark. In the case that the rate would be pushed down by the 50-hour simple moving average, it could once again test the support zone

Mon, 15 Nov 2021 11:23:42 GMT

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