The price of gold is poised to close at a new all-time high today. A. The closing level is $2,832.30 on Monday, April 15. This week’s low was Monday at $2,324.42. Today’s price, at $2,417.89, was the highest price of the week. The intraday high price was reached last Friday at $2,431.78.
For Arbor Week, the price is currently up about 2.37%.
Looking at the hourly chart below, price action has been up and down this week, but the 200 hour MA has been doing a good job of curbing the falls recently. It would be necessary to move below this MA level – and stay below it – to increase the bearish bias.
Gold stagnates at the 200 hour moving average
cnbctv18-forexlive
