Fri, 02 Sep 2022 09:42:42 GMT
Gold breaks descending pattern
On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average.
A continuation of the surge of the commodity was expected to encounter resistance in the 1.710.00/1,715.00