Gold retreats below 1,920.00

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


Despite breaking the 1,930.00/1,932.25 resistance and touching the 1,935.00 mark, the price for gold has declined. On Thursday, the commodity was testing the resistance of the 1,920.00/1,922.70 range. Meanwhile, the 1,915.00 was observed acting as support.

A decline of the metal's price could look for support in the 1,915.00 and 1,910.25 levels, before approaching the 1,900.00 and 1,895.00 levels.

However, in the case of a recovery of the price, the commodity would have to break the 1,920.00/1,922.70 range and the 50-hour simple moving average. Higher above, the 1,930.00/1,932.25 range could once again keep the price down.
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Fri, 07 Jul 2023 08:51:37 GMT

EUR/USD respects support zone

The 1.0835/1.0840 range has continued to act as support. Meanwhile, the currency exchange rate has respected the combined resistance of the 1.0900 mark and the 200-hour simple moving average. A decline of the pair below the 1.0835/1.0840 range is most likely going to look for support in round exchange rate levels and areas near them. This is assumed due to

Thu, 06 Jul 2023 08:40:44 GMT

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