Fri, 29 Jul 2022 13:53:47 GMT
Gold manages to reach above 1,750.00
The price for gold has managed to reach above the resistance zone, which surrounds the 1,750.00 level. On Friday morning, the metal reached above the 1,765.00 level. However, during the afternoon hours, a retracement back down occurred.
The retracement down of the commodity price might look for support in the 1,743.85/1,752.60 zone. In addition, note the 50-hour simple moving average