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The price for gold pierced the 1,910.25 level on Wednesday morning European hours. The event could result in a broader decline.
Potential targets for a decline are the 1,900.00 mark and the 1,895.00 level. Both of these levels have acted as support and resistance in the past.
On the other hand, a potential recovery has to pass above 1,910.25 and the combination of the 1,920.00 mark and the 50 and 100-hour simple moving averages, before once again attempting to reach above 1,930.00.
Wed, 28 Jun 2023 09:00:48 GMT
Source: Dukascopy Bank SA
The price for gold pierced the 1,910.25 level on Wednesday morning European hours. The event could result in a broader decline.
Potential targets for a decline are the 1,900.00 mark and the 1,895.00 level. Both of these levels have acted as support and resistance in the past.
On the other hand, a potential recovery has to pass above 1,910.25 and the combination of the 1,920.00 mark and the 50 and 100-hour simple moving averages, before once again attempting to reach above 1,930.00.