Gold continues to decline

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


At GMT timezone midnight to Tuesday, the price for gold declined below the support zone near 1,950.00. By the middle of the day's trading, the commodity had reached below 1,920.00. Take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate hike.

If the commodity price continues to decline, the metal might look for support in the 1,900.00 mark and the March low level zone at 1,880.00.

Meanwhile, a potential surge of the price is expected to face resistance in the 1,920.00 and 1,940.00 levels and the upper trend line of a channel down pattern, before approaching the 1,950.00 mark.
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Wed, 16 Mar 2022 09:58:20 GMT

EUR/JPY reaches above 130.00 level

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