Gold trades sideways

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


In general, the situation on gold price charts has not changed. However, there are minor updates to note. Namely, the pair has revealed that there is a resistance zone below the 1,750.00 mark, at 1,747.50/1,748.85.

A potential recovery of the commodity price would have to pass the combined resistance of the 50-hour simple moving average, the 1,747.50/1,748.85 zone and the 1,750.00 mark. Higher above, note the 1,760.00 mark, which acted as support on Wednesday, and the resistance zone near the 1,770.00 level.

Meanwhile, a potential decline is expected to look for support in the 1,732.10 level, which acted as support on Wednesday.
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