Gold – 05.08.2024

Gold – 05.08.2024

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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