Gold fails at recovering

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


Since the middle of Monday's trading up to mid-Tuesday, the price for gold made attempts at passing the combined resistance of the 1,785.00 mark, the 1,785.00/1,788.00 zone and the 50, 100 and 200-hour simple moving averages.

At mid-day on Tuesday, it appeared that the metal had failed, as it declined below 1,775.00. In general, future scenarios remain unchanged.

A continuation of the decline of the price of gold could find support in the 1,765.10 level, which acted as support during early trading of August. Further below, note the 1,745.00/1,755.00 zone.

On the other hand, a surge of the price might encounter resistance in the 1,785.00 mark, prior to reaching the 1,800.00/1,807.50 zone.
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Wed, 17 Aug 2022 11:54:57 GMT

EUR/USD reveals resistance zone

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Tue, 16 Aug 2022 13:23:03 GMT

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