8:28 AM · 11 August 2020

Gold down to key $2000 level

Gold prices are down today for the second time in the past 3 days after rallying strongly in July. Prices were as high as $2074 per ounce last Friday but dipped slightly below $2000 today in the morning. This level is mostly psychological while more concrete support levels are much lower: 2011 high at $1911 and 50 and 75 moving averages currently running below $1900. Gold is still 11.5% up over the past month.

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Commodities
Technical analysis

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