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Gold trades to a new all-time high today

Gold prices reached a new record high today. Spot gold rose to a record high of $2,081.82 per ounce. That move took out the 2022 and 2020 highs between $2070.59 and $2075.14.. The current price trades back below those levels that $2049.87. That's still up $7.07 or 0.34% on the day. Going forward it would take a move back above the aforementioned 2020/2022 highs to increase a bullish bias.Drilling to the hourly chart, high today also broke above the swing high from April 13 at $2048.79. The price... Read More

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Posted: May 4 2023, 19:02

Author Name: forexlive

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