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Gold finds support at 1,640.00

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


The price for gold found support in the 1,640.00 level and the zone above it. On Monday, the price had recovered and reached above 1,650.00 .

An extension of the price recovery could encounter resistance in the 50 and 100-hour simple moving averages near 1,660.00. Higher above, the last week's high levels above 1,680.00 might once again stop a surge.

A decline of the metal against the US Dollar might find support in the 1,650.00 level, prior to reaching the 1,640.00 zone.
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