Gold is heading to the all-time-high

Source: Dukascopy Bank SA


The price for gold found enough support in the 2,350.00 to start a recovery. Afterwards, the price for Gold gained additional strength from the US CPI. By Monday, July 15, the commodity price was heading to the 2,450.00 level which mark's the all-time-high.

A move above the 2,450.00 is expected to be slowed down by round price levels until the 2,500.00 mark is reached. Note that the metal has never been at these highs.

If the 2,450.00 mark provides resistance and forces the price down, the 2,440.00, 2,425.00 and 2,410.00 levels could turn into support.
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