Tue, 10 Jan 2023 15:24:43 GMT
Gold faces resistance in 1,880.00
Throughout this week, the price for gold has been fluctuating between the support of the 1,867.90/1,870.40 range and resistance at 1,879.30/1,881.60. In the meantime, the 50-hour simple moving average had caught up with the commodity.
If the additional support of the 50-hour SMA manages to push the price through the resistance of 1,881.60, the price might finally test the 1,900.00 mark.