Gold reaches below June low level

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


The high volatility of the yellow metal's price ended with a decline. By the middle of Thursday's trading hours, the price had reached below the previous June low level and the 1,805.00/1,809.00 zone.

If the commodity price continues to decline, the bullion might look for support in the 1,800.00 level. Further below, note the May low level at 1,786.65.

On the other hand, a recovery of the metal could result in the previous support levels becoming resistance. In addition, note the 50, 100 and 200-hour simple moving averages.
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Fri, 01 Jul 2022 09:12:05 GMT

EUR/USD reveals support and resistance

The EUR/USD has revealed a support zone at 1.0382/1.0385 and resistance at 1.0485/1.0488. During the first half of Friday's trading, the pair was fluctuating near the 1.0450 level. A decline of the Euro against the US Dollar is set to look for support in the weekly S2 simple pivot point at 1.0405 and the 1.0400 mark, before approaching the support

Thu, 30 Jun 2022 12:08:14 GMT

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