Gold – 12.08.2024

Gold – 12.08.2024

Gold managed to sustain the advance wave as we projected last week.

As we see on the Intraday chart, the market is facing a possible trading zone between the support of 2425-30 and resistance 2445-50.

Above 2450 more advance will be expected with resistances at 2460 and 2482-87.

Below 2425 more of a drop will be expected with supports at 2400 and 2370-75.

SUPPORT RESISTANCE
LEVEL1 2425-30 2445-50
LEVEL2 2400 2460
LEVEL3 2370-75 2482-87

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