Gold reaches below 1,950.00

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


Gold has extended its decline, as the commodity traded 1,945.00 per ounce during mid-Thursday.

An extension of the ongoing decline is set to look for support in previously notable levels like the 1,940.00 mark and the 1,932.25 level. Below these levels, round price levels could impact the price, before the 1,910.25 support would be reached.

However, in the case of a potential recovery resistance could be found in the 1,956.60/1,957.10 range and the descending 50-hour simple moving average. Higher above, take into account the 1,970.00 mark and the 100-hour simple moving average.
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Fri, 10 Nov 2023 11:25:01 GMT

EUR/USD 200-hour SMA reaches support range

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