Gold – 23.08.2024

Gold – 23.08.2024

Gold tested the support trend yesterday and managed to hold above 2469.

As we see on the Intraday chart, the market is now testing the resistance zone of 2500-05 which could cause a correction, before moving back to advance again toward the targets of 2535 and 2555.

Below 2468, more of a drop toward 2430-40 will be expected.

Above 2505, the market could sustain this advance movement toward 2535.

SUPPORT RESISTANCE
LEVEL1 2495-99 2535
LEVEL2 2469-79 2555
LEVEL3 2430-40 2575

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