Gold pierces 2,450.00 mark

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


The price of gold is testing the resistance of the 2,450.00 mark. It appears that there is a sort of resistance zone at 2,450.00/2,460.00.

A move above the 2,450.00/2,460.00 range is set to face the all-time-high level range near 2,480.00

On the other hand, a potential decline might look for support in the 2,390.00/2,400.00 range, prior to reaching the 2,370.00 mark. Meanwhile, the hourly simple moving averages are not expected to impact the commodity.
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