Gold finds support 1,800.00

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


The support of the 1,800.00 mark provided enough support to the price of gold that an attempted second surge at mid-Tuesday passed the resistance of the 50, 100 and 200-hour simple moving averages at 1,815.30, 1811.00 and 1,808.25.

If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New Years eve above the 1,830.00 mark. Higher above, the 1,850.00 level might stop a surge.

Meanwhile, a potential decline of the commodity price might find support in the simple moving averages near 1,815.00 and 1,810.00. Further below, note the support of the 1,800.00 mark.
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Wed, 05 Jan 2022 08:52:35 GMT

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