Note: This section contains information in English only.
The surge continues, as the metal's price has reached the 1,950.00 mark at mid-Wednesday. Meanwhile, analysts have spotted that the surge could have occurred in a yet unconfirmed channel up pattern.
Higher above, note the 1,970.00 and 1,980.00 levels that have acted as resistance in July. Above these levels, the 2,000.00 mark is expected to slow down the surge.
However, in the case of a decline, expect the 1,940.00 and 1,932.50 levels to provide support, before the price reaches the 50-hour simple moving average.
Wed, 18 Oct 2023 12:53:15 GMT
Source: Dukascopy Bank SA
The surge continues, as the metal's price has reached the 1,950.00 mark at mid-Wednesday. Meanwhile, analysts have spotted that the surge could have occurred in a yet unconfirmed channel up pattern.
Higher above, note the 1,970.00 and 1,980.00 levels that have acted as resistance in July. Above these levels, the 2,000.00 mark is expected to slow down the surge.
However, in the case of a decline, expect the 1,940.00 and 1,932.50 levels to provide support, before the price reaches the 50-hour simple moving average.