Thu, 17 Nov 2022 09:13:32 GMT
Gold reaches below support
The support of the 50-hour SMA eventually failed to push the commodity price through the resistance of the 1,784.20/1,786.60 zone. On Thursday morning, the follow up decline passed below the 1,766.15/1,768.30 range and the 100-hour simple moving average.
A potential extension of the ongoing decline might look for support in round price levels like the 1,760.00, 1,750.00 and 1,740.00, before