Thu, 29 Aug 2024 08:51:06 GMT
Gold has support from the 2,500.00 mark
This week, the metal's price has made two attempts to pass the 2,530.00 level. Both attempts failed. Meanwhile, it was spotted that the hourly simple moving averages are failing to impact the metal. However, the commodity price keeps finding support near 2,500.00.
A breaking above the 2,530.00 level is expected to be slowed down by round price levels, as the