HomeContributorsTechnical AnalysisGold Analysis: Passes 1,830.00 Level

Gold Analysis: Passes 1,830.00 Level

On Thursday, the yellow metal’s price passed the resistance of the 1,830.00 level. The price managed to do so after finding support in the 1,820.00 level.

In the near term future, the metal could continue to gradually surge from one round price level to another. Stronger resistance would be expected from the 1,850.00 marks.

In the meantime, take into account that the metal has left below it the 55, 100, and 200-hour simple moving averages. In theory, the price could fluctuated sideways and that way consolidate until the SMAs catch up.

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.

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