Gold Tests 1,420.00

Gold has made an attempt to surge, which was stopped by the psychological resistance of the 1,420.00 level.

During Tuesday’s trading session, the rate was expected to surge, as it was supported by the hourly simple moving averages and there was no technical resistance as high as the 1,430.00 level.

Although, watch the resistance of round levels like the 1,420.00 and 1,425.00. They might slow down price surges.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading