Gold trades around 2,040.00

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


Since the Fed move, the metal's price remains near 2,040.00. We have marked the resistance and support ranges of the ongoing consolidation at 2,046.80/2,047.80 and 2,027.70/2,030.00.

A move above 2,047.80 is set to immediately face the 2,050.00 mark. If the price for gold moves even higher, note the marked levels. They have acted as resistance during the early December booking of the all-time-high levels.

In the case of a decline below the 2,027.70/2,030.00 support range take into account the 50, 100 and 200-hour simple moving averages near 2,025.00, 2,015.00 and 2,005.00. In addition, the 2,007.45/2,012.75 zone could once again impact the price.
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