Forex Trading Library

Gold – 20.08.2024

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Gold managed to break above the Intraday resistance at 2510 while the uptrend wave is still ongoing toward the targets of 2535 and 2575.

As long as the market keep holding above 2505-10, the uptrend wave will remain.

Below 2505, a chance for a further drop could hit the market with support at 2469-79.

SUPPORT RESISTANCE
LEVEL1 2505-10 2535
LEVEL2 2469-79 2555
LEVEL3 2430-40 2575

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