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Gold continues to hold on at key technical support for now

Gold is up 0.5% on the day to around $1,948 levels now but it has been a rather challenging last one week or so for buyers. We saw price crack back below the $2,000 mark last month and that continued towards a test of key support in the form of the 100-day moving average (red line).That is now the key line in the sand for gold, as buyers are making a stand and not letting price fall through the level. Keep above and the overall bias will stay more bullish but break below and sellers will have in... Read More

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Gold

Continues

Hold

Technical

Support

Forex

Posted: Jun 8 2023, 08:47

Author Name: forexlive

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