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 |
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