Tue, 30 Jan 2024 14:26:48 GMT
Gold tests resistance range.
The price for gold found support in the 50, 100 and 200-hour simple moving averages and returned to test the 2,035.00/2,040.00 range. At mid-Tuesday, the price passed above the range. The surge was heading to the 2,050.00 mark, where a pause could take place, before the publication of the US Federal Funds Rate.
A continuation of the surge above 2,050.00