psychological support

psychological support definition - finance
The tendency for a market to not move below certain round numbers. For instance, psychological support for gold can be said to exist at $300. Less substantial psychological support may be found at $320, if gold is presently at $335.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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