Gold price moves towards 1921-1919 support
Updated
As we analyzed in the morning, the Reserve Bank of Australia’s stance on hold provided a positive trend for the U.S. dollar index. Quantity means that it will move to a lower position. And because the 240-hour moving average has declined, the nearest support below can be seen at the 1921-1919 line (this position has also been mentioned before), and the bottom is 1915. As long as there are no major emergencies, the price of gold may fall below 1915 in the short term very low.
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