Gold found support in the 1,700.00 price level. It resulted in a surge, which by the middle of Monday’s European trading hours had reached above the 1,730.00 level.
In the case of the surge continuing, the price could test the resistance of the 1,740.00 level, which provided resistance on Thursday. If this level gets passed, most likely the 1,750.00 level would provide resistance.
On the other hand, a decline would look for support in the 55-hour simple moving average, which kept the price up since late Friday’s trading hours.
Install your trader software at VPS server of one of the super fast providers: |
| |
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market... |
Finance news
 The third round of stimulus checks helped, but millions of Americans are still strugglingWhile the number of Americans struggling to put food on the table and pay bills ... Read More  Some states require amended tax returns for $10,200 unemployment tax break refunds10'000 HoursThere are probably a ton of people who got unemployment who rushed to file ... Read More  Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economyFederal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite what he sees as a rapidly recovering ... Read More |