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Technical Talk: COMEX Gold Hovering Just Under 50 Week Moving Average

28 Jun 2022 , 12:51 PM

COMEX Gold futures are moving in a tight range in last few days. The counter is hovering just under the 50 week moving average, currently placed at $1838 mark. The futures have failed to sustain above the threshold in last week as well as the current one and could see some selling if if does not manage to hold above the same. On the daily charts, the 20 day moving average is capping the upside for the counter as seen in the yesterdays price action.Powered by Commodity Insights

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