Tue, 25 Jul 2023 12:27:27 GMT
Gold retreats below support
The price for an ounce of gold has passed below the support zone at 1,957.25/1,964.20. However, it was observed that the 1,955.00 mark acted as support. Meanwhile, on Tuesday, resistance was encountered in the 1,965.00 level and the 200-hour simple moving average.
A decline below 1,955.00 is expected to find support in the 1,950.00, 1,940.00 and 1,932.25 levels. These levels