Gold approaches 1,900.00 mark

Source: Dukascopy Bank SA


Gold has been declining and reaching below one support level after another. This week, it appeared that the commodity price could reach the 1,900.00 mark.

Note that the metal's price was finding support and resistance in the 1,915.00 level during mid-March. Below the 1,900.00 mark, the 1,895.00 has acted as support and resistance also in March.

On the other hand, a potential recovery of the bullion could encounter resistance in 1,932.25, 1,940.00 and 1,950.00.
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