Gold Analysis: Signals a surge

Dukascopy Bank Team Dukascopy Bank SA

XAUUSD

On Friday, gold broke the resistance of the 55-hour simple moving average at 1,275.50. Due to that reason a surge up to the 1,280.00 level.

At the 1,280.00 level the commodity price is set to meet with the 100-hour SMA, which was heading down during the early hours of Friday's trading.

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Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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