Gold plummets below support zone

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


On Monday morning, the price for gold passed below the 1,745.00/1,755.00 zone. By the middle of the day, the rate had reached the 1,730.00 level.

If the commodity price continues to decline, the 1,710.00/1,715.00 zone is expected to act as support, prior to the metal reaching the 1,700.00 mark.

On the other hand, a potential recovery of the commodity could result in the rate testing the 1,745.00/1,755.00 as a resistance zone. In addition, note the approaching 50 and 100-hour simple moving averages near 1,750.00 and 1,760.00.
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Tue, 23 Aug 2022 09:10:11 GMT

EUR/USD reaches 0.9900

The decline of the EURUSD pair has clearly passed below the 0.9950 mark. On Tuesday morning, the EUR/USD was trading between the support of the 0.9900 mark and the 0.9950 level as resistance. A move below the 0.9900 mark is expected to look for support in the weekly S2 simple pivot point at 0.9874. Further below, note the 0.9850 and

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