Mon, 30 Oct 2023 16:30:34 GMT
Gold breaks triangle
The price for gold has passed above the resistance zone of the triangle pattern and the 2,000.00 mark. However, instead of surging the commodity price has retraced down to the 1,990.30/1,997.15 zone and the 50-hour simple moving average.
In the meantime, the commodity was being approached by the additional support of the 100-hour simple moving average and the supporting