Gold – 06.08.2024
![Gold – 06.08.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/08/06161230/gold-chart-06.08.2024-750x430.png)
Gold broke below 2410 yesterday and fell further towards the target of 2370.
Prices managed to hit a rebound from support 2370 as expected while Intraday levels are still facing a 2420 resistance.
As we see on the chart and as long as market holds above 2370 another advance swing toward 2482-87 will be expected.
Below 2350 more of a drop toward 2305-10 zone is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 2395 | 2420 |
LEVEL2 | 2370 | 2445 |
LEVEL3 | 2350 | 2460 |
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