Gold respects moving averages

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


On Monday, the yellow metal found resistance in the 200-hour simple moving average near 1,785.00. Meanwhile, support was being provided by the 50-hour simple moving average near 1,775.00.

If the commodity passes the resistance of the 200-hour SMA, it could aim at the upper trend line of the channel down pattern, which captures the last week's decline. On the other hand, a decline below the 50-hour SMA might look for support in the lower tren dline of the pattern.

Meanwhile, take into account that round price levels are capable of impacting the direction of the yellow metal.
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Tue, 07 Dec 2021 08:56:34 GMT

EUR/JPY passes resistance zone

On Tuesday morning, the EUR/JPY currency exchange rate broke the resistance of the 128.20/128.30 zone, which had previously kept the rate down on Thursday and Friday. During the day's early European trading hours, the rate had encountered resistance in the weekly R1 simple pivot point at 128.43 and the 128.50 mark. The event was followed by a decline below

Mon, 06 Dec 2021 16:13:18 GMT

USD/JPY finds support at 112.60

On Friday, the USD/JPY currency pair found support in the 112.60 mark. The event was followed up by a recovery, which by the middle of Monday's trading had reached above technical levels at 113.11. A continuation of the surge is highly likely going to encounter resistance at the 113.69 level. At that level the weekly R1 simple pivot point is located

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