Tue, 10 May 2022 14:41:44 GMT
Gold reaches support zone
As forecast on Monday, the price for gold has reached the support zone at 1,850.60/1,854.50. The support zone held and caused a retracement back up to the 1,865.00 level and the upper trend line of the descending channel pattern.
If the price recovers and breaks the descending pattern, resistance could be encountered not only in round price levels, but also the