FX.co ★ Gold at crossroads

#GOLD

The 4-hour chart displays the price move by September 30, 2022.

The resistance level of $1,676.75 per troy ounce will serve as a crucial factor in the coming two days.

In case the price makes a downward retracement from this level, it could test the recent low and plunge to $1,590.00

Alternatively, if the price breaks the resistance level, it will reach the landmark level of $1,700.00.

Please be aware of higher volatility for this trading instrument in the nearest trading hours. Good luck in trading!