Gold manages to breach 2,500.00

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


The 2,500.00 mark was broken on Friday. However, the event has been followed by a decline of the commodity price. Moreover, the decline has reached below 2,500.00.

An extension of the downwards move of the price is expected to look for support in the 2,477.00/2,484.00 range and the ascending 50 and 100-houe simple moving averages.

A resumption of the surge is expected to face the 2,500.00 mark and the recently marked high level at 2,509.90.
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Wed, 21 Aug 2024 11:56:17 GMT

EUR/USD respects weekly simple pivot point

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