Note: This section contains information in English only.
As it was speculated, the price for gold found support in a round price level. That level turned out to be the 1,860.00 level. The support was enough to cause a recovery up to the resistance of the 50-hour simple moving average and the 1,875.00 level.
A move above 1,875.00 could result in the commodity price almost immediately encountering resistance in the 1,880.00 level. Above 1,880.00, the combination of the 100-hour simple moving average and the 1,895.00 level might act as resistance.
However, in the case of a resumption of the decline, the rate could look for support in the 1,860.00 and 1,850.00 levels.
Fri, 29 Sep 2023 10:22:36 GMT
Source: Dukascopy Bank SA
As it was speculated, the price for gold found support in a round price level. That level turned out to be the 1,860.00 level. The support was enough to cause a recovery up to the resistance of the 50-hour simple moving average and the 1,875.00 level.
A move above 1,875.00 could result in the commodity price almost immediately encountering resistance in the 1,880.00 level. Above 1,880.00, the combination of the 100-hour simple moving average and the 1,895.00 level might act as resistance.
However, in the case of a resumption of the decline, the rate could look for support in the 1,860.00 and 1,850.00 levels.