Gold reaches November levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At the start of Tuesday's US trading, the price for gold jumped above the 1,850.00 mark. The event marked the rate reaching November levels.

If the commodity price continues to surge, it could find resistance in round price levels like 1,855.00, 1,860.00 and 1,865.00. That is assumed due to the fact that these levels impacted the price during November.

However, a potential decline would look for support in the 1,850.00 mark, before aiming at the 1,845.00 and 1,840.00 levels.

Meanwhile, take into account that the price for gold is set to react to the Federal Reserve events on Wednesday at 19:00 GMT. The announcements are expected to impact all markets.
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