Gold reaches above 1,810.00

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


Late on December 22, the price for gold reached the 1,810.00 mark. Since then, the price has been fluctuating with high volatility sideways around the price level. Meanwhile, the hourly simple moving averages were catching up to the price from below.

In the case of the price surging, the bullion would most likely test the resistance zone of the late November and mid-December high levels at 1,812.70/1,815.70. Above the high level zone, resistance might be found in round price levels like the 1,820.00 and 1,825.00. In addition, note the summer high level zone above the 1,830.00 mark.

However, a decline of the price could find support in the 50, 100 and 200-hour simple moving averages near 1,805.00, 1,800.00 and 1,795.00. Below the SMAs, the currency pair might find support in the pre-Christmas low level zone above the 1,785.00 level.
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Tue, 04 Jan 2022 10:51:45 GMT

EUR/JPY tests 131.00 mark

On Tuesday morning, the EUR/JPY currency exchange rate was testing the resistance of the 131.00 mark. The 131.00 mark provided resistance on December 31, just as the year's trading ended. In the case that the pair passes the 131.00 level's resistance, it could aim at the weekly R1 simple pivot point at 131.52. In addition, note that the 131.50

Mon, 27 Dec 2021 14:28:37 GMT

USD/JPY aims at 115.00

The USD/JPY continued to surge, as it was pushed up by the 50-hour simple moving average. Meanwhile, the currency exchange rate remains in a channel up pattern, which had guided the pair since December 17. On December 27, the only close by resistance to the rate was the weekly R1 simple pivot point at 114.91. In the case that the US

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