Tue, 23 Aug 2022 10:04:22 GMT
Gold retraces upwards
The price for gold has found support in the 1,730.00 level and recovered. By the middle of Tuesday's European trading hours, the price had reached the resistance of the 50-hour simple moving average near 1,742.50.
A continuation of the recovery of the commodity price is expected to encounter resistance in the 1,745.00/1,755.00 range, which has acted as resistance and support throughout