Gold approaches low level zone

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


On Friday, gold bounced off the 1,890.00 mark and started a decline. During the second part of Monday's trading, the price had already reached below the 1,860.00 level. In the near term future, a continuation of the decline could look for support in the May low level zone at 1,850.60/1,854.50.

If the price for gold declines below the 1,850.00 mark, the rate might continue to decline in the borders of the channel down pattern, which has guided the price's decline since the Federal Reserve rate hike.

However, a recovery of the metal is expected to encounter resistance in the 1,870.00 mark, which has recently acted as both resistance and support. Above the 1,870.00 level, take into account the 50, 100 and 200-hour simple moving averages and the upper trend line of the channel down pattern.
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Tue, 10 May 2022 11:15:55 GMT

EUR/JPY reveals support zone near 137.00

This week, the EUR/JPY currency exchange rate managed to shortly reach above the 138.00 mark. However, the event was followed by a decline. Since the middle of Monday's trading hours, the rate has been finding support in a support zone at 137.05/137.12. If the pair declines below the 137.05/137.12 zone, the rate could look for support in the weekly S1

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USD/JPY books new high

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