Wed, 16 Nov 2022 09:05:37 GMT
Gold is supported by 50-hour SMA
Since early Tuesday's trading hours, the price for gold has been fluctuating between the support of the 1,766.15/1,768.30 zone and resistance at 1,784.20/1,786.60. On Wednesday morning, the commodity was observed to be finding support in the 50-hour simple moving average near 1,770.00.
A surge of the commodity price is expected to test the resistance of the 1,784.20/1,786.60 zone, before approaching the