Fri, 19 Mar 2021 07:05:26 GMT
Gold finds support in SMA
At mid-day on Thursday, the yellow metal's price found support in the 200-hour simple moving average and the 1,720.00 level. Afterwards, a surge followed. By the start of Friday's European trading hours, the metal had passed the resistance of the 55 and 100-hour SMAs and was testing the 1,740.00 mark.
If the 1,740.00 level fails to provide resistance, the bullion should