Fri, 22 Oct 2021 11:47:08 GMT
Gold continues to surge
The channel up pattern of the yellow metal's price held, as its lower trend line together with the 55-hour SMA provided enough support to cause a surge. By the middle of Friday's European trading hours, the metal had reached the 1,795.00 level, which started to provide resistance.
In the near term future, the metal could trade sideways below the 1,795.00 mark