Gold declines to 1,810.00

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


The price for gold eventually reached below the 1,825.00/1,830.00 zone. However, by the end of Monday's trading the pair had found support in the 1,810.00 mark and recovered to 1,830.00.

A resumption of the decline of the commodity price would look for support in the 1,810.00 and 1,800.00 levels, before aiming at the May low levels near 1,790.00.

If the price for gold recovers, the commodity price would have to clearly pass above 1,830.00. Higher above, note the 1,850.00 mark and the 50, 100 and 200-hour simple moving averages at 1,840.00/1,850.00.

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