The yellow metal has continued to trade almost flat. However, it has started to do so in a different range, as the price has been fluctuating between 1,805.00 and 1,820.00 levels.
In the meantime, the price had began to ignore the 55-hour simple moving average, which could have pushed the price up on Thursday.
In regards to the near term future, the price should trade sideways until either fundamental news cause a move or the price is pushed down by the resistance of the 100-hour simple moving average.
Written by Admin
Contractors work on single-family homes under construction in the Cadence Park development of The Great ...
Atlanta Federal Reserve President Raphael Bostic told CNBC on Monday that he's comfortable with the ...
Traders on the floor of the NYSE.Source: NYSEStock futures edged up in overnight trading on ...