Gold returns back above 1,950.00

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


The price for gold has found support near 1,935.00 and enough strength to move back above the 1,952.00/1,955.00 range, which is once again acting as support.

If the commodity price manages to surge, it is set to face resistance in the 1,982.00/1,985.00 and 2,000.00/2,010.00 ranges. Both of these zones have acted as support and resistance.

On the other hand, a decline of the metal is set to find support in hourly moving averages, the 1,952.00/1,955.00 range, the 1,950.00 and 1,940.00 levels, and the recent low level at 1,932.25.
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Thu, 22 Jun 2023 12:50:10 GMT

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