The lowest price was $ 1,770.60 and the highest was $ 1,795.37
The price of gold has consolidated in the up-and-down trading range this week. The lowest level was reached at $ 1770.60 on Monday. The maximum was at $ 1,795.37 on Tuesday. The end of last Friday was about $ 1,778.
The current price is about $ 1,785. It has an upward trend line that reaches $ 1,775.25 (and moves higher) and an eight downward trend line of $ 1,791.29 (and moves lower). In the meantime, determine the 100-hour moving average. The price has been trading above and below the moving average of the last few days as traders consolidate and expect the next rise.
It is noteworthy that the price is below the level of $ 1,800 this week. Although prices are well below $ 1,680.23 since the beginning of this month, they are below natural resistance at $ 1,800.
Consolidation. Traders are waiting for the next blow. You’ll probably have to wait until next week.