Tue, 29 Aug 2023 13:27:03 GMT
Gold encounters resistance at 1,925.00
Despite breaking above the 1,920.25/1,923.00 range, the price for gold has not booked major gains, as it encountered resistance in 1,925.00. The resistance was enough to cause a decline of the commodity. By mid-Tuesday, the price had pierced the 50 and 100-hour simple moving averages and touched the 1,915.00 mark.
A move below 1,915.00 could look for support in the