Gold breaks resistance zone

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


The additional support of the 50-hour simple moving average was enough to cause a move of the price for gold above the 1,879.30/1,881.60 resistance zone.

A continuation of the surge might eventually test the 1,900.00 mark. On the other hand, a decline could look for support in the 1,879.30/1,881.60 and 1,867.90/1,870.40 zones.

However, the direction of the price is bound to be dictated by the release of the US Consumer Price Index.

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