Gold remains near 1,850.00

Source: Dukascopy Bank SA


Throughout this week, the price for gold has fluctuated in the 1,837.00/1,858.00 zone. On Wednesday, the price was mostly fluctuating in the 1,845.00/1,855.00 range. Namely, the price bounced around the 1,850.00 mark in a ten USD range.

In the case that the commodity price surges, round price levels are set to act as resistance. The 1,865.00, 1,870.00 and 1,875.00 levels could once again act as resistance, as they have done since late May.

Meanwhile, a decline of the yellow metal's price might find support in the June low levels at 1,837.00 and 1,828.30.
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