Gold – 07.06.2024
![Gold – 07.06.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/06/07152546/gold-chart-07.06.2024-2-750x430.png)
Gold headed for a significant decline on news that China stopped buying any of the precious metal last month.
The market still faces an intraday support zone at 2315-20, with a rebound expected.
Below 2315, more of a drop could hit the market, with support around 2277.
SUPPORT | RESISTANCE | |
LEVEL1 | 2315-20 | 2355 |
LEVEL2 | 2300 | 2385 |
LEVEL3 | 2277 | 2410 |
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