Gold declines to 1,915.00

Source: Dukascopy Bank SA


On Monday, the price for gold plummeted and hit the support of the 1,915.00 mark.

A move below 1,915.00 could result in the commodity price looking for support in the 1,910.25 level. Below this level take into account the 1,900.00 mark.

On the other hand, a recovery of the price could face resistance in the combination of the 50, 100 and 200-hour simple moving averages near 1,925.00. Above the moving averages take into account the 1,930.00 level and the 1,932.25 level.
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