[Where Did You Gold?] A Possible Slide of $40 in the Yellow Metal's Price.

Kuala Lumpur 10 a.m, (GMT +8) - The spot gold price has slightly dropped this early Asian Market and currently trading at about $1,905 per ounce. On the latest gold price movement today, Economies.com wrote a brief analysis as follows:

If the gold price fails to defend the imperative support level of $1,901.80 per ounce, there is a possibility for it to see a drop of up to $40.

The article has mentioned, gold price made a rebound on Tuesday and attempted to test the pivotal resistance at $1,910 per ounce.

Illustration photo of Gold price H4 Chart from Economies.com

In the same article, Economies.com said as long as the price of gold remains below $1910.00 per ounce, the bearish trend prospect will continue for a certain period of time in the near future.

To reiterate, the financial site explained that if the gold price drops to below $1,901.80 per ounce and remains under this level, the gold price will further drop to the target level of $1,860.90 per ounce.

Translated from the original article: https://www.24k99.com/2010/434...