Wed, 17 Mar 2021 11:13:44 GMT
Gold reveals ascending triangle
On Wednesday morning, the support of the 55-hour simple moving average reached the yellow metal's price. Previously, on Tuesday, the rate bounced off the resistance of the 1,740.00 mark. In the meantime, a pattern has been spotted on the chart.
By marking the 1,740.00 level's resistance and connecting the recent higher low levels that have been booked since March 15, an