Wed, 02 Jun 2021 10:54:09 GMT
Gold retraces back down
After reaching above the 1,915.00 level on Tuesday, the yellow metal's price began a decline. During the first part of Wednesday's trading, the price was fluctuating sideways below the resistance of the 100-hour simple moving average. In the meantime, the rate was being approached by the support of the 200-hour simple moving average.
In the near term future, the rate should