Gold reaches 1,780.00

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


The price for gold has managed to reach above the July resistance zone at 1,771.30/1,773.10. At midnight to Tuesday, GMT hours, the price bounced off the resistance of the 1,780.00 level. During the first half of the day's trading, the price for the metal was fluctuating between the 1,770.00 and 1,780.00 levels.

In the case of a surge of the price above 1,780.00 gold might encounter resistance in the 1,784.10/1,785.00 resistance zone and the 1,786.65 level.

On the other hand, a decline of the metal might find support in the 50-hour simple moving average near 1,767.50, prior to looking for support in 1,765.00 and 1,760.00 levels.
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Tue, 02 Aug 2022 13:58:05 GMT

EUR/JPY decline reaches 133.50

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