Gold reaches above 2,030.00

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


Prior to the US CPI release, the price for gold steadily continued to gain. By mid-Tuesday, the pair had reached above 2,030.00.

The ongoing surge of the metal's price could encounter resistance in the 2,050.00, 2,060.00 and 2,080.00 levels that have acted as resistance during the second part of past week's trading.

On the other hand, a decline is almost certainly going to look for support in the 2,030.00 mark and the 50 and 100-hour simple moving averages near it. Further below, the 2,000.00 mark will act as support.
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Wed, 10 May 2023 12:55:35 GMT

EUR/USD finds support in SMA

The EUR/USD was looking for support in the weekly S1 simple pivot point, as the US CPI data release caused a surge of the rate. Following the release, the pair was heading to the 1.1000 mark and the technical levels above it. The pair might encounter resistance in the 1.1000 mark. Higher above, note the combination of the 50,

Tue, 09 May 2023 11:12:34 GMT

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