Tue, 30 Apr 2024 11:44:16 GMT
Gold respects 200-hour SMA
The price for gold has encountered resistance in the 200-hour simple moving average, which has pushed the commodity price down. On, Tuesday, the rate was approaching the 2,300.00 level that is expected to act as support.
A move below 2,300.00 could look for support in early April's support and resistance zones near 2,265.00 and 2,225.00.
On the other hand, a recovery