Wed, 08 Nov 2023 11:39:41 GMT
Gold reaveals new support levels
The price for gold has declined and revealed that it respects the support of the 1,960.00 mark and the 1,956.60/1,957.10 range. Meanwhile, the 1,970.00 level has turned from support into resistance, as it was keeping the price down.
A resumption of the broader decline of the commodity price would have to pass below the 1,960.00 level and the 1,956.60 level,