Forex Trading Library

Gold – 29.05.2024

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Gold managed to hit a few dollars below the support of 2335, creating some market selling pressure.

As we can see from the chart, the market faces some support around 2320, with resistance around 2380.

Below 2320, more of a drop can be expected, with support lingering around 2277.

Above 2380, a move higher can be expected with resistance at 2405-10.

 

SUPPORT RESISTANCE
LEVEL1 2320 2380
LEVEL2 2300 2405-10
LEVEL3 2277 2435

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