Tue, 14 Sep 2021 09:47:59 GMT
Gold trades sideways
Since September 8, the price for gold has continued to fluctuate sideways between a support zone below the 1,785.00 level and resistance above the 1,800.00 mark. On Tuesday, the price was reached by the resistance of the 100-hour simple moving average, which together with the 55-hour SMA started to push the metal down.
If the hourly simple moving averages manage to