Gold remains below 2,000.00

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


Gold started a surge at the start of Tuesday's US trading hours, as US banks experienced another stock price crash. However, the surge was stopped by the 2,000.00/2,010.00 range's resistance. Meanwhile, it was spotted on Wednesday that the price was finding support in the 50 and 100-hour simple moving averages. In general, previous forecast scenarios remain relevant.

A recovery of the metal's value might encounter resistance in the 2,000.00 mark and the 2,000.00/2,010.00 range. Higher above, note that round price levels acted as resistance and support during the first half of April.

A decline of the commodity price would have to reach below 1,970.00, before approaching the February and January high levels at 1,960.00 and 1,949.00. Although, take into account the 50 and 100-hour SMAs that might act as support near 1,990.00.
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Thu, 27 Apr 2023 12:19:33 GMT

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USD/JPY finds support in pivot point

The decline of the US Dollar against the Japanese Yen has reached the combined support of the weekly S1 simple pivot point at 133.37 and the 133.40 level. Meanwhile, it has been observed that the 133.80 level acts as resistance. A decline below 133.40 might be slowed down by the 133.00 level and the weekly S2 simple pivot point at 132.67.

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