Gold trades back below the $1900 level

Feb 28, 2022
Gold trades back below the $1900 level

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Gold

Gold trades beneath its 200 hour MA

The worth of gold has moved again beneath the pure help stage at $1900 after buying and selling as excessive as $1931.47.

The low worth has reached $1888.71. The present worth is buying and selling at $1895.33. That’s nonetheless up $6.26 or 0.33% however properly of its excessive ranges.

Trying on the hourly chart above, the value has additionally dipped again beneath its 200 hour transferring common of $1899.66 and the 38% retracement of the transfer up from the February low on the identical stage. That will increase the degrees significance going ahead. Keep beneath retains the sellers in additional management.

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