Gold reaches above 1,850.00

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


On Thursday, the price for gold found support in the 1,840.90/1,842.15 zone and started a recovery. During the day's trading, the price was encountering resistance in the 50 and 100-hour simple moving averages. On Friday morning, the pair reached above the moving averages and, at the time of writing, was surging.

A continuation of the commodity price is expected to encounter resistance in the 1,865.00/1,870.00 zone, which acted as resistance during this week's early trading. If the rate reaches above 1,870.00 a potential surge could be slowed down by the 1,890.00 and 1,910.00 levels. Both of these levels provided resistance in early May.

However, a decline of the price would look for support in the 1,840.90/1,842.15 range and the 200-hour simple moving average, before reaching the 1,832.00/1,836.00 zone.
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Mon, 30 May 2022 08:58:25 GMT

EUR/JPY reaches above resistance zone

On Monday morning, the EUR/JPY currency exchange rate passed above the high level zone, which had kept the rate down since May 11. Meanwhile, it was spotted that during the same time period the pair has been finding support in an ascending trend line. Combining the support and resistance, one can spot an ascending triangle pattern. In theory, the

Fri, 27 May 2022 07:27:34 GMT

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