Gold remains near 1,650.00

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Source: Dukascopy Bank SA


Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level.

A resumption of the price recovery could encounter resistance in the 100-hour simple moving averages near 1,660.00. Higher above, the last week's high levels above 1,680.00 might once again stop a surge.

A decline of the metal against the US Dollar might find support in the 1,650.00 level, prior to reaching the 1,640.00 zone.
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Wed, 19 Oct 2022 15:14:07 GMT

EUR/USD declines below support

On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. A move above 0.9800 could encounter resistance in the 50-hour simple moving average near 0.9840. Higher above, note the Monday's and Tuesday's high levels at 0.9865/0.9875. Afterwards, the

Tue, 18 Oct 2022 08:50:49 GMT

USD/JPY reaches above 149.00

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