11/27/2023 0 Comments Cost per ounce calculator![]() An eventual move higher would see resistance at $2,175 and then $2,300. That’s the 38.2% retracement of the March rally.Ĭredit Suisse analysts said the gold price would need to climb back above $1,966 in order for $2,016 to be in sight, followed by a retest of the $2,075 August high. Credit Suisse analysts noted that gold was back in its consolidation range from August, but they flagged the key support level at $1,837 to hold further weakness. NovemUpdate: Following the news about AstraZeneca’s COVID-19 vaccine, the gold price tumbled to $1,832 an ounce before bouncing, although it bounced back above the key resistance level it broke by falling to $1,832. The gold price broke though a key resistance level
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