Gold declines to 1,915.00

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


On Monday, the price for gold plummeted and hit the support of the 1,915.00 mark.

A move below 1,915.00 could result in the commodity price looking for support in the 1,910.25 level. Below this level take into account the 1,900.00 mark.

On the other hand, a recovery of the price could face resistance in the combination of the 50, 100 and 200-hour simple moving averages near 1,925.00. Above the moving averages take into account the 1,930.00 level and the 1,932.25 level.
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Tue, 26 Sep 2023 12:22:43 GMT

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Since Monday, the EUR/USD has traded near the 1.0600 mark. Despite passing below support levels, the rate did not decline further. In general, previous scenarios remain valid. The next target for the decline could be the combination of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Further below note the 1.0500 mark and the lower trend

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