Tue, 29 Jun 2021 07:43:43 GMT
Gold remains in triangle
The yellow metal has continued to respect the support zone of the previously described descending triangle pattern. However, on Tuesday the 55 and 100-hour simple moving averages near 1,780.00 started to provide resistance. In the meantime, the 200-hour SMA had reached the triangle.
The price has been trading between a support zone at 1,770.00/1,775.00 and a descending trend line since June