Gold passes May high level

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


On Tuesday, the price for gold booked a new high level, as the commodity shortly traded above the 1,915.00 level. The price managed to pass the previous May high of 1,913.12.

In the near term future, the metal could gain support from the 55 and 100-hour simple moving averages and extend the surge. A potential target for the surge could be the 1,960.00 mark, which reversed the early 2021 surge. However, note that round price levels are bound to slow down a surge.

On the other hand, the yellow metal could pass the support of the 55 and 100-hour simple moving averages. A potential decline could reach for the support of the 200-hour simple moving average near 1,890.00 and the support zone below that level.
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Wed, 02 Jun 2021 06:49:42 GMT

EUR/JPY bounces off support

The common European currency fell by 40 pips or 0.30% against the Japanese Yen on Tuesday. The exchange rate continued to trading within the 134.00/133.60 levels during yesterday's trading session.

Tue, 01 Jun 2021 11:27:17 GMT

USD/JPY extends decline

The decline of the USD/JPY reached below the 109.40 level, where it found support in the 109.33/109.36 zone. During Tuesday's trading hours, the rate had recovered and reached the resistance of the 55-hour simple moving average near 106.70. If the 55-hour SMA provides enough resistance, the pair could once again test the 109.33/109.36 zone's support. If it would be passed, the

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