Gold retreats below 1,920.00

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Source: Dukascopy Bank SA


The price for gold continued to make attempts to pass the resistance of the 1,930.00 mark and the 1,932.25 level. However, it failed at mid-Tuesday. The price of gold dropped, as the USD strengthened and reached even below 1,915.00

In general, a bounce off from the most recent low level could result in the pair once again testing the 1,930.00 and 1,932.25 level. Although, the 1,920.00 mark and the moving averages might slow down the commodity's recovery.

On the other hand, a passing below the recent low is highly likely set to aim for the 1,900.00 mark.
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