Gold remains below 1,650.00

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


The US Federal Reserve caused major USD volatility, which ended with a strengthening of the US Dollar. By the end of the event the price for gold had declined to 1,635.00.

If the price for gold continues to decline, the commodity might find support in this week's low levels near 1,630.00. Further below, note the 1,615.00/1,622.00 zone, which has kept the price up since late September.

However, a price surge of the metal would most likely face resistance at 1,670.00 and levels above 1,680.00.
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