Gold shortly reaches above 1,870.00

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


On Thursday, the price for gold managed to reach above the 1,865.00/1,870.00 resistance zone. However, even before reaching the 1,875.00 level, the price started to decline. On Friday, the price had found support in the 50-hour simple moving average near 1,857.00.

A potential resumption of the surge of the yellow metal's price would have to once again pass the 1,865.00/1,870.00 zone, prior to reaching new high levels. However, note that the Thursday's high level might act as resistance.

On the other hand, a decline below the 50-hour SMA is expected to look for support in the combination of the 1,850.00 mark and the 100 and 200-hour simple moving averages close above the round price level. Below 1,850.00, note the previous support zones near 1,840.00 and 1,835.00.
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Mon, 06 Jun 2022 13:12:09 GMT

EUR/USD remains near 1.0740

The bounce off from the resistance zone at 1.0740/1.0760 found support in the 50-hour simple moving average close above the 1.0700 level. During the first half of Monday's trading, the rate continued to fluctuate in the 1.0710/1.0750 range. In general, previous forecasts remain intact. If the Euro recovers against the US Dollar, the pair would have to pass the 1.0740/1.0760

Fri, 03 Jun 2022 14:40:19 GMT

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