Gold fluctuates at 1,920.00/1,930.00

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


The price for gold has been fluctuating between two zones throughout the US market closure on July 4. Support is found at 1,919.75/1,922.60. Resistance is provided by the 1,930.40/1,932.25 range. It was previously observed that the 1,930.00 mark acts as resistance. However, it has been continually pierced.

A move above 1,932.25 might be slowed down by the 1,935.00 mark. Although, it has been the case that the 1,940.00 level has been impacting the commodity price. Higher above, the 1,950.00 mark is bound to act as resistance.

On the other hand, a decline might not reach the 1,919.75/1,922.60 range, as the 50-hour simple moving average has moved above it. The SMA strengthened the 1,910.00 level and was one of the causes for the Monday's surge. In the case of the pair moving below the SMA and the 1,919.75 level, the 100 and 200-hour simple moving averages might act as support near 1,917.00.
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Thu, 06 Jul 2023 08:27:52 GMT

EUR/USD reaches support zone

The EUR/USD has declined and reached the support zone at 1.0835/1.0840 and the weekly S1 simple pivot point at 1.0838. These levels held on Thursday morning and caused a retracement back up. During the first part of the day's trading, the rate encountered resistance in the 50-hour simple moving average. A resumption of the decline would have to pass the

Wed, 05 Jul 2023 10:34:55 GMT

USD/JPY looks for support

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