Tue, 18 Oct 2022 08:56:30 GMT
Gold remains near 1,650.00
Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level.
A resumption of the price recovery could encounter resistance in the 100-hour simple moving averages near 1,660.00. Higher