Gold reaches new low level

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


The price for gold reached for the 1,915.00 mark, before starting a recovery. At mid-day on Thursday, the commodity price had reached above the 1,920.00/1,923.00 range and faced the 50-hour simple moving average.

A resumption of the broader decline is expected to look for support in the 1,920.00/1,923.00 range that has previously acted as both support and resistance. Below 1,920.00, take into account the 1,915.00 and 1,910.25 levels and the 1,900.00/1,905.00 range.

However, a move above the 50-hour simple moving average could face resistance in the 1,930.00/1,932.25 range and the 100 and 200-hour simple moving averages. Higher above, note the 1,935.00 and 1,940.00 levels.
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Fri, 08 Sep 2023 11:14:23 GMT

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Thu, 07 Sep 2023 13:04:05 GMT

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