Fri, 29 Sep 2023 10:22:36 GMT
Gold finds support
As it was speculated, the price for gold found support in a round price level. That level turned out to be the 1,860.00 level. The support was enough to cause a recovery up to the resistance of the 50-hour simple moving average and the 1,875.00 level.
A move above 1,875.00 could result in the commodity price almost immediately encountering resistance