Tue, 15 Aug 2023 19:04:29 GMT
Gold continues its descent
The price for gold has continued to decline, as support levels turn into resistance and new low levels are reached. On Tuesday, the commodity shortly traded below the 1,900.00 mark. However, support was found in the lower trend line of the broader channel down pattern.
An extension of the ongoing decline is set to look for support in the 1,900.00