Thu, 01 Sep 2022 11:16:49 GMT
Gold continues in descending channel
The descending channel's resistance line held and the price for gold has declined below the 1,710.00/1,715.00 zone. By the middle of Thursday's European trading hours, the commodity had reached the 1,700.00 mark. The round price level provided support, as it was expected.
If the price passes below 1,700.00, round price levels could act as support, before the metal reaches the lower