Gold recovery touches 1,930.00

Source: Dukascopy Bank SA


The recovery of the yellow metal's price has found support in the 1,910.25 level, before surging to the 1,930.00 mark.

A move above 1,930.00 could be stopped by the 1,932.25 level that acted as resistance during the previous week. Higher above, note the 1,940.00 level's resistance.

On the other hand, a potential decline of the commodity price might be supported by the 1,925.00 and 1,920.00 levels and the 50, 100 and 200-hour simple moving averages, before the 1,910.25 level would be reached.
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Wed, 05 Jul 2023 10:17:50 GMT

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