Fri, 03 Dec 2021 11:31:19 GMT
Gold remains in pattern
On Thursday, the yellow metal's price booked a new low level by testing the lower trend line of a descending channel down pattern near 1,765.00. The event was followed up by a surge up to the 50-hour simple moving average near 1,775.00.
If the metal's price attempts to surge higher, it would have to break the resistance of the 50-hour simple