Thu, 25 May 2023 10:29:39 GMT
Gold remains above 1,955.00
In general, gold trades between two zones, as the traders expect an outcome to the possible US debt default. Support is provided by the 1,952.00/1,955.00 range. Resistance is encountered at 1,982.00/1,985.00. Meanwhile, short term resistance and support can be encountered n the combination of the 50 and 100-hour simple moving averages near 1,970.00.
If the price eventually passes above 1,985.00, the