Wed, 05 Oct 2022 08:46:58 GMT
Gold breaks ascending pattern
On Tuesday afternoon, the price for gold broke the upper trend line of the channel up pattern and reached the September high levels near 1,730.00. The 1,730.00 level acted as resistance and caused a price decline.
An extension of the decline of the price for gold could look for support in the 1,700.00 mark and the 50-hour simple moving average.