Fri, 08 Apr 2022 13:26:56 GMT
Gold reaches above moving averages
On Thursday, the price for gold managed to break the combined resistance of the 50, 100 and 200-hour simple moving averages in the 1,925.00/1,928.00 range. Afterwards, the price made an attempt to approach the 1,940.00 mark, before retreating and confirming the combination of the three moving averages as support at 1,927.50.
At mid-day on Friday, the price was highly volatile between