Tue, 13 Apr 2021 12:46:32 GMT
Gold bounces off support
On Tuesday, the yellow metal's price bounced off the support zone of the 1,720.00/1,725.00 levels. As soon as the price managed to pass the short term resistance of the 200-hour simple moving average, the price sharply surged.
The surge was expected to possibly stop at the 1,745.00 level, which had previously provided both resistance and support.
If the price passes the 1,745.00