Note: This section contains information in English only.
The price of gold continued to trade around the 1,850.00 mark until a minor decline started at mid-day on Thursday. The decline occurred, as the US Dollar strengthened during the early hours of US trading.
If the metal's price continues to decline, support might be found in the June low levels at 1,837.00 and 1,828.30.
On the other hand, a potential surge of the metal above the 1,850.00 mark and the 50, 100 and 200-hour simple moving averages is set to encounter resistance in round price levels like 1,855.00, 1,860.00, 1,865.00 and 1,870.00.
Thu, 09 Jun 2022 14:51:15 GMT
Source: Dukascopy Bank SA
The price of gold continued to trade around the 1,850.00 mark until a minor decline started at mid-day on Thursday. The decline occurred, as the US Dollar strengthened during the early hours of US trading.
If the metal's price continues to decline, support might be found in the June low levels at 1,837.00 and 1,828.30.
On the other hand, a potential surge of the metal above the 1,850.00 mark and the 50, 100 and 200-hour simple moving averages is set to encounter resistance in round price levels like 1,855.00, 1,860.00, 1,865.00 and 1,870.00.