Gold slightly declines

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


Gold has reached below 1,920.00 level's support. However, it has not yet approached further support levels.

A decline is expected to look for support in the low level zone at 1,805.00/1,808.00. Afterwards, the 1,800.00 mark is most likely going to act as support.

On the other hand, a recovery of the commodity price could face resistance in the 50 and 100-hour simple moving averages near 1,920.00 and 1,930.00, before reaching the 1,860.00 and 1,880.00 levels that have acted as support and resistance.
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