GOLD investors await breakout or breakdown for clearer direction

2023年4月26日

The price of gold is currently encountering difficulties breaking through the psychological resistance level of 2,000.00 during the Asian session. The precious metal experienced a significant upsurge on Tuesday, as investors sought refuge in bullions amidst the resurgence of banking apprehensions. Currently, the price of gold is trading within a sideways range, and it is only a breakout or breakdown that will provide further insights into the potential direction of the value. As such, we recommend exercising patience until there is a break of either the support or resistance levels before considering any trading actions.