Gold is back at 2,400.00

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


In general, the situation has not changed over the weekend. The price for gold is testing the resistance of the 2,373.70/2,400.00 range.

A bounce off from the range could result in the rate looking for support in the 2,350.00 and 2,340.00 levels. However, the 2,370.00 level has been acting as support and could continue to hold the price up.

In the case of a surge above 2,400.00, the metal could encounter resistance in the 2,420.00 level and the 200-hour simple moving average.
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