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Gold runs up towards next technical hurdle as geopolitical tensions persist

We're seeing the high today hit near $1,982 before easing back to $1,978 on the day, still up 0.2% currently. That sees gold now move close to testing the June and July highs around $1,983-87 and that represents the next key technical hurdle before we get to the $2,000 mark.The lows earlier this month coincided with the 200-week moving average for gold, before the Israel-Hamas conflict triggered a sharp reversal in price action that even broke back above the 100 (red line) and 200-day (blue lin... Read More

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Content Topics

Gold

Runs

Towards

Technical

Hurdle

Geopolitical

Tensions

Persist

Forex

Posted: Oct 20 2023, 04:19

Author Name: forexlive

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