Gold analysis: yellow metal in a decisive test at the level of $ 2300
Gold prices decreased today, Tuesday, to their lowest levels in two weeks, bypassing its mobile average for 20 days, in light of the decline in demand for safe havens after the announcement of Israel And Iran A ceasefire. Technical, gold penetration of its 20 -day moving average indicates that the short -term purchasing momentum has decreased, as technical indicators are directed towards the sale area. The metal now faces a decisive test at the 2,300 support level A dollar for the ounce, and if it is broken, it may search for the next support at $ 2,280. The relative, any new escalation in tensions or data Economic disappointment may return gold to its upward path. Traders remain awaiting more indicators, especially with regard to the developments of the Middle East and American economic data, which may determine the next path of the precious metal.
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