From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside.
On the other hand, recent downward adjustments have found support around the $2,173 region, before the range of $2,164-2,163. Next is around the $2,146 mark, where a breach could potentially trigger strong selling activity in gold.
On the other hand, recent downward adjustments have found support around the $2,173 region, before the range of $2,164-2,163. Next is around the $2,146 mark, where a breach could potentially trigger strong selling activity in gold.
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