Gold manages to breach 2,500.00

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


The 2,500.00 mark was broken on Friday. However, the event has been followed by a decline of the commodity price. Moreover, the decline has reached below 2,500.00.

An extension of the downwards move of the price is expected to look for support in the 2,477.00/2,484.00 range and the ascending 50 and 100-houe simple moving averages.

A resumption of the surge is expected to face the 2,500.00 mark and the recently marked high level at 2,509.90.
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Wed, 21 Aug 2024 11:56:17 GMT

EUR/USD respects weekly simple pivot point

The surge of the EUR/USD has passed the 1.1100 level. Resistance has been encountered in the weekly R2 simple pivot point at 1.1130. If the pair declines, support is expected to be found in the 1.1100 mark and the 50-hour simple moving average. Further below, note the weekly R1 simple pivot point at 1.1076. This level has acted as

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