Gold Consolidates
| Apr 27, 2022 04:48AM ET
Looking at gold's chart, we can see it was trading relatively steadily in the $1950 range on Apr. 23, until the breakdown from its support level of $1932 on Apr. 23, falling well into the $1900 range and finding new support at the $1890.
It was last found trading at the $1897 range just above the $1890 closest support level and has the closest temporary overhead resistance around the $1910 level.
Today we can expect consolidation at the current level or move below the $1890 support level. However, if it manages to hold above the current level, then a move towards the $1910 the closest resistance level of $1910 can be expected.
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