Gold extends decline

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


The price for gold has booked a new low level, as it approached the 1,620.00 level during the late hours of Monday's trading. The level acted as support and caused a retracement of the price up to the 1,640.00 level.

A resumption of the decline of the metal's price might continue from one round price level to the next one until the 1,600.00 mark would be reached.

In the meantime, a recovery of gold could encounter resistance not only in the 1,640.00 and 1,645.00 levels, but also the 50-hour simple moving average.
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Tue, 27 Sep 2022 14:03:51 GMT

EUR/JPY trades near 139.00

This week, the drop of the EUR/JPY eventually found support in the 137.50 level, before retracing to levels near 139.00. On Tuesday, the pair fluctuated in the 138.75/139.50 range. A move above 139.50 might encounter resistance in the 140.00, 140.50 and 141.00 levels. In addition, the weekly simple pivot point at 140.58 could stop a potential surge of the

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