Gold remains near previous levels

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


Except the volatility caused by the Federal Reserve and Swiss National Bank, the price for gold has not moved. Namely, the metal has traded between 1,815.00 and 1,835.00 since the middle of Wednesday European trading hours.

If the metal surges above 1,835.00, the 1,840.00 level and the 200-hour simple moving average might stop an upwards move, before the rate reaches the 1,850.00 mark.

On the other hand, a decline of the metal's price could look for support in the 1,815.00 level, before approaching the zone, which surrounds the 1,810.00 level. Further below, note the 1,800.00 mark.

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