Gold – 04.07.2024
![Gold – 04.07.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/07/04150911/gold-chart-04.07.2024-750x430.png)
Gold managed to hit the target of 2353-56 yesterday.
As we see on the Intraday chart, the market is facing support around the 2345-50 zone. If prices remain above it, then there is a chance for a further advance with resistance at 2387.
If the market stays below 2387, another drop wave could hit the market.
Above 2387, more of an advance toward the 2415-30 zone will be expected.
Below 2345, more of a drop toward the 2315-18 zone is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 2345-50 | 2367 |
LEVEL2 | 2315-18 | 2387 |
LEVEL3 | 2295 | 2415-30 |
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