The price for gold jumped on Friday due to the publication of the US employment data. The metal reached above the 50, 100 and 200-hour simple moving averages near 1,780.00. Since then, the bullion has been fluctuating between the support of the moving averages and the resistance of the 1,790.00 level.
A move below the simple moving averages might reach for the support of the Friday low level at 1,770.45. Below the low level, the December low at 1,762.20 could stop a decline.
However, a surge of the price would need to pass the 1,790.00 level, before reaching the 1,800.00 mark.
Written by Admin
Jamie Dimon, chief executive officer of JPMorgan Chase & Co.Giulia Marchi | Bloomberg | Getty ...
U.S. stock futures were slightly positive during early trading on Thursday after the Nasdaq Composite ...
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according ...