Fri, 12 May 2023 12:11:08 GMT
Gold breaks pattern, returns to 2,000.00
Eventually, the price for hold passed below the combined support of the 50 and 100-hour simple moving averages and the lower trend line of the channel up pattern. Moreover, the US PPI release caused volatility and boosted the ongoing decline. By mid-Friday, the commodity price had returned to the 2,000.00/2,010.00 range.
A decline below 2,000.00 might look for support in the