Gold remains near 1,950.00

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


The price for gold appears to be consolidating near the 1,950.00 mark. However, at mid-day on Tuesday a surge of the price occurred up to the 50 and 100-hour simple moving averages near 1,965.00.

In the case of a surge above the 50 and 100-hour SMAs, the price is bound to test resistance of the 2,000.00/2,010.00 zone.

On the other hand, a decline of the price is set to look for support in the 1,950.00 mark, prior to reaching the last week's low level zone at 1,934.30/1,937.15
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