Note: This section contains information in English only.
Thu, 02 Jan 2020 13:35:34 GMT
Source: Dukascopy Bank SA
Since last year, the yellow metal's price has been pushed up by the 55-hour simple moving average.
On Thursday, the price was expected to continue to be pushed up during the next trading session due to a couple of factors. The 55-hour SMA was about to be strengthened by the 100-hour SMA from below. Secondly, the rate faced no technical resistance as high as 1,544.00.
However, take into account the rate's previous attempt to sharply surge was stopped by a round price level. The 1,525.00 stopped the metal's surge on December 31.
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