Gold tests 1,825.00 level

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


Most recently the price for gold has been finding support in the 1,815.00 level an resistance was encountered at 1,825.00. In the meantime, the pair was being approached from below by the 50, 100 and 200-hour simple moving averages near 1,810.00.

A move above 1,825.00 level could encounter resistance in the December high level at 1,833.20. Higher above, note that the 1,850.00 level might act as resistance.

However, a decline of the commodity price might look for support in the combination of the 1,815.00 level and the 50, 100 and 200-hour simple moving averages. Further below, note that the 1,805.00 and 1.800.00 levels have acted as support.
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