Fri, 01 Oct 2021 08:35:20 GMT
Gold breaks pattern
The yellow metal has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal's price was stopped by the 1,765.00 level's resistance.
On Friday, the pair traded sideways around the 200-hour SMA and the 1,755.00 level.
If the