Merck & Company (MRK): Building Strength, Paving the Way for Potential Upside
$86.28
Merck & Company (MRK): Building Strength, Paving the Way for Potential Upside
31 Oct 2025, 11:49
Chart & Data from IG
Gold was on the back foot but trying to find some support here. Currently trading at around $2,348 an ounce, a push above $2,364 could pave the way toward $2,378 and then maybe back up to $2,400. Near-term support at $2,325 and then today’s low of $2,322. A fall below $2,322 is likely to see a re-test of the May low, or respectively, $2,277. The MACD technical indicator is still negative but the RSI has now edged higher into the neutral stance whilst pointing slightly higher. A flat to rising MACD would increase the likelihood of the commodity testing those resistance levels above.