Wed, 09 Aug 2023 10:13:01 GMT
Gold reaches below 1,930.00
The price for gold has passed below the 1,930.00/1,932.25 range. Moreover, the previous support has turned into resistance. On Wednesday, the price was facing the 1,930.00/1,932.25 zone's and the 50-hour simple moving average's resistance. Meanwhile, support was found in the 1,925.00 level and the 1,920.30/1,922.60 range.
In the case of a decline below 1,920.30 the commodity price could look for