Gold remains near 1,795.00

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


On Friday, the price for gold managed to pass above the resistance of the 1,795.00 level. Although, by large, the situation had not changed since Thursday.

A continuation of the surge of the commodity price could encounter resistance in the 1,800.00 level and the 1,803.30/1,809.90 range.

However, a decline is set to look for support in the 50, 100 and 200-hour simple moving averages near 1,775.00/1,780.00. Further below, 1,764.00/1,766.15 zone might once again stop a decline.
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