Gold fluctuates around 1,850.00

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


Since declining on Friday, the price for gold has fluctuated around the 1,850.00 level. Meanwhile, the price was slightly impacted by the 100 and 200-hour simple moving averages. In general, previous forecasts remain unchanged

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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Wed, 08 Jun 2022 13:14:46 GMT

EUR/USD trades around 1.0700

Since the last failed attempt at passing the 1.0740/1.0760 zone, the EUR/USD has been trading around the 1.0700 mark. Namely, the pair has declined and found support at 1.0660, before retracing back up to the 1.0740 level. At mid-day on Wednesday, the currency pair was trading between the resistance of the 1.0740 level and the support of the technical

Mon, 06 Jun 2022 13:26:27 GMT

USD/JPY reaches 131.00/131.40 zone

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