Gold almost reaches 2,090.00

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


The price for gold has continued to move higher. Most recently, the commodity revealed that there is a resistance zone at 2,084.35/2,088.30. The resistance held and by mid-Thursday the bullion was looking for support in the 2,075.00 level.

A resumption of the larger scale surge would once again test the resistance of the 2,084.35/2,088.30 range. Higher above, the 2,090.00 and 2,100.00 levels are expected to act as resistance.

If the price declines below 2,075.00, the 50-hour moving average and the 2,068.55/2,070.50 zone are expected to act as support. Further below, note the 100-hour SMA and the 2,060.00 level.
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