Wed, 24 Mar 2021 10:05:21 GMT
Gold drops below SMA
In a sharp move just after mid-day on Tuesday, the support of the 200-hour simple moving average was passed. However, almost immediately the rate found support in the 1,725.00 level. By the middle of Wednesday's European trading hours, the metal's price had retraced back up to the 1,735.00 level.
In the near term future, the recovery of the metal was expected