Fri, 08 Sep 2023 11:42:38 GMT
Gold recovers to 1,925.00
The low level zone near 1,915.00 has provided enough support for the price for gold eventually reaching above the 1,920.00/1,923.00 range and the 50-hour simple moving average. However, the commodity appears to have started trade around the 1,925.00 mark.
A recovery of the commodity price could result in the rate encountering resistance in the 100-hour simple moving average near 1,927.00.