Gold reaches 1,765.00 level

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


At mid-day on Wednesday, the price for Gold reached the 1,765.00 level, which was marked on the chart due to acting as support on August 5.

If the commodity price reaches below the 1,765.00 mark, support might be found in the 1,745.00/1,755.00 zone, which captures the August low levels near 1,755.00 and the early July high levels in the 1,745.00/1.750.00 range. Further below, note that the 1,740.00 level has acted as resistance and support in late July.

However, a potential recovery of the metal's price would have to reach above the 1,785.00 level and the 50, 100 and 200-hour simple moving averages, before approaching the 1,800.00/1,807.50 zone.
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