Forex Trading Library

Gold – 06.08.2024

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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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