Gold returns to 2,000.00/2,010.00

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


The 1.970.00 mark has provided enough resistance to the commodity price to cause a recovery. By mid-Thursday, the recovery had reached above the 50-hour simple moving average and the price was testing the 2,000.00/2,010.00 range.

A move above 2,010.00 is expected to be slowed down by round price levels until the price once again reaches the notable levels of 2,030.00 and 2,050.00.

On the other hand, a decline of the metal below 2,000.00 might once again look for support in 1,990.00, 1,985.00 or 1,970.00. These three levels have acted as support.
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