Note: This section contains information in English only.
The recovery of the price for gold hit resistance in the form of the 100-hour simple moving average near the 1,715.00 mark. During the first half of Monday's trading, the price was still kept down by the SMA.
A decline of the commodity price might look for support in the combination of the 1,705.00 level and the 50-hour simple moving average. Afterwards, the 1,700.00 mark might reverse a decline, prior to the price reaching the last week's low level near 1,690.00.
On the other hand, a potential move above the 100-hour SMA could encounter resistance in round price levels and the 200-hour SMA near 1,730.00.
Mon, 05 Sep 2022 08:45:56 GMT
Source: Dukascopy Bank SA
The recovery of the price for gold hit resistance in the form of the 100-hour simple moving average near the 1,715.00 mark. During the first half of Monday's trading, the price was still kept down by the SMA.
A decline of the commodity price might look for support in the combination of the 1,705.00 level and the 50-hour simple moving average. Afterwards, the 1,700.00 mark might reverse a decline, prior to the price reaching the last week's low level near 1,690.00.
On the other hand, a potential move above the 100-hour SMA could encounter resistance in round price levels and the 200-hour SMA near 1,730.00.