Tue, 16 May 2023 11:36:12 GMT
Gold respects resistance at 2,020.00
The price for gold has bounced off the combined resistance of the 2,020.00 level and the 100-hour simple moving average. By mid-Tuesday, the commodity had returned to trade in the 2,000.00/2,010.00 range. In general, previous forecast scenarios remain relevant.
A potential decline below 2,000.00 could look for support in round price levels until the price reaches the April low level zone