Tue, 28 Jun 2022 11:20:53 GMT
Gold looks for support in previous low levels
The bounce off from the resistance of the descending trend line eventually reached the last week's low level zone at 1,816.90/1,823.50.
If the support levels hold, a potential recovery of the commodity price might occur. A move higher could encounter resistance in the combination of the 1,830.00 level and the 50 and 100-hour simple moving averages. Higher above, note the descending