Gold tests high level range

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


The price of gold remains below resistance at 2.045.10/2,047.75 and above support at 2,027.20/2,030.00. In general, the situation and forecasts are unchanged.

A move above 2,047.75 is expected to immediately face resistance in the 2,050.00 mark. Higher above, note the marked levels that impacted the commodity during its recent surge to all-time-high levels.

However, a potential decline would look for support in the 2,027.20/2,030.00 range. Further below, note the 200-hour SMA near 2,015.00. Below the moving average take into account the 2,007.45/2,012.75 zone. Meanwhile, the 50 and 100-hour SMAs have been failing to impact the commodity.
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Wed, 27 Dec 2023 10:54:02 GMT

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