Thu, 31 Mar 2022 15:26:54 GMT
Gold reveals pattern of recovery
First of all note that the price encountered resistance at the 1,939.00 level and the 100-hour simple moving average. The event was followed by a retracement to the 1,920.00 level, which acted as support and caused a surge that at mid-day on Thursday reached above the 1,941.00 mark.
In addition, the recent confirmation of the 1,920.00 level provided a