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Gold plummets to 1,900.00

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


The price of gold lost the support of the 1,920.00 level on Tuesday morning and sharply plummeted down to the support zone, which surrounds the 1,900.00 mark.

If the commodity price recovers from the support zone, it could face resistance in the 1,920.00 mark and the three hourly moving averages near 1,925.00/1,930.00. Higher above, note previous notable round price levels like 1,940.00 and 1,950.00.

However, a move below the support zone might result in the price looking for support near 1,885.00, 1,880.00 and 1,870.00 these levels managed to impact the price in early December.
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