As mentioned earlier in the week, Gold retested the support zone of 2315-20. The market is still within our trading zone, which could keep prices consolidating between the 2315 support and the 2350-55 resistance.
Below 2315, more of a drop will be expected with supports at 2300 and 2277.
Above 2355, more of an advance towards 2380 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2315 | 2350-55 |
| LEVEL2 | 2300 | 2380 |
| LEVEL3 | 2277 | 2405-10 |
|
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