Forex Trading Library

Gold – 05.08.2024

0 23

Gold managed to break below the support of 2430 and another drop could hit the market.

As we see over the Intraday level chart, we are looking for the 2410-20 support zone where below this zone, we will expect another drop towards 2370 and 2350.

However, and if the market can sustain prices above the support of 2410-20, a chance for another rebound correction toward 2450-60 could happen.

SUPPORT RESISTANCE
LEVEL1 2410-20 2430
LEVEL2 2370 2450-60
LEVEL3 2350 2482

Join our responsible trading community - Open your Orbex account now! 

Leave A Reply

Your email address will not be published.