Gold as a commodity is close to the heart coming from India. It is generally the first instrument of investment. Most often it’s also the first gift for a newborn baby. We also have important days such as Akshaya Tritya and Diwali when retailers consider buying gold auspicious.
The inherent faith in the yellow metal to save us from bad days has been a part of the psyche for a long time. With that in mind, the levels to track in Gold become important from a personal and professional standpoint.
Gold has been battling several levels of resistance for a while now. The last time that Gold was making waves in the market was in August 2020 when the price traded close to 56,200. Since then, the price has been on a sideways journey.
In the week gone by, the price slipped below the support of 50,670.
So what are the levels we’re tracking now after this move? Let’s take a look!
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