Gold pierces support level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Tuesday, the yellow metal pierced the support of the 200-hour SMA. With that the commodity price was signalling that it will decline. 

Gold has no technical support as low as the 1,315.00 mark. The metal might reach this level by the end of this week.  

However, take into account that round numbers on the gold price charts have shown resistance and support to the commodity.

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