During Thursday morning, the XAU/USD exchange rate declined to the 1,860.00 level.
Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,879.00/1,886.00 range, it is likely that some downside potential could continue to prevail in the market.
On the other hand, a reversal south could occur in the nearest future, and the price for gold could raise to the predetermined resistance range.
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.