Gold jumps to 1,930.00

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


The crash of Credit Suisse stock price has caused a run to safety. On Gold charts it has resulted in a surge up to the 1,930.00 level.

A move higher might be slowed down by round price levels, before the commodity price tests historical high levels. Namely, the January and February high levels are expected to act as resistance at 1,949.00 and 1,960.00.

However, a decline of the commodity is expected to look for support in the 1,915.00 level, the 50-hour simple moving average and the 1,895.00 level.

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