Gold finds support in 1,830.00

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


On Wednesday morning, the price for gold reached below the support zone of the mid-May low and high levels at 1,832.50/1,835.80. However, at mid-day the decline got exhausted, as a surge occurred. The rate quickly reached the 1,850.00 mark and the three hourly simple moving averages.

If the commodity price surges above the 50, 100 and 200-hour simple moving averages and the 1,850.00 mark, the rate could reach for the resistance of the 1,865.00/1,870.00 zone.

On the other hand, a bounce off from 1,850.00 is highly likely set to to look for support in the 1,830.00 mark, prior to reaching the 1,810.00 level.
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Thu, 02 Jun 2022 11:14:03 GMT

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This week, the EUR/JPY currency pair managed to reach above the resistance zone at 138.00/138.35. On Wednesday, the rate found resistance in the 139.00 mark and confirmed the 138.00/138.35 range as support. The Euro could surge against the Japanese Yen due to the approaching support of the 50-hour simple moving average. A potential surge would have to break the

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