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Gold began this week's trading above the 1,500.00 mark. However, additional gains were being limited by the technical resistance of the 200-hour simple moving average just above the 1,510.00 level.
On Monday, the USD/JPY started the week with a gap down opening. The start of trading was highly volatile until the rate began trading in the range between the 55 and 100-hour simple moving averages near 107.90.
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After touching the 1.2500 level on Friday, the GBP/USD began a decline, which was continuing on Monday morning.
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On Monday morning, the EUR/USD exchange rate declined below the pivot point that is located at the 1.1069 level. Although, the rate still faced various support levels, which could cause a continuation of a surge.
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