Gold bounces off 1,875.00

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


Since early Tuesday trading hours, the yellow metal's price was testing the resistance of the 1,875.00 level. After three attempts to pass the metal, the metal began a decline. By the middle of Wednesday's trading, the commodity had reached the 1,860.00 level and had passed the 55-hour simple moving average.

In the near term future, the price could look for support in the 1,860.00 level and the May 15 and February high level at 1,855.00. If these levels fail to hold, the 1,850.00 mark and the 100-hour simple moving average could stop a decline.

On the other hand, a potential surge would most likely once again test the resistance of the 1,875.00 mark.
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Thu, 20 May 2021 10:54:44 GMT

EUR/USD respects SMAs

The previous May high levels did not provide support to the rate on Wednesday. However, just below the high levels, the 100-hour simple moving average provided support. By the middle of Thursday's trading, the EUR/USD had been pushed up by the SMA to the resistance of the 1.2200 mark. The 1.2200 level was being strengthened by the resistance of

Wed, 19 May 2021 09:36:08 GMT

USD/JPY recovers on Wednesday

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