Forex Trading Library

Gold – 30.05.2024

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Gold dropped further today and managed to close away from the support of 2320.

The chart shows that the market is facing a trading zone between support 2320 and resistance 2380.

Below 2320, more of a drop is expected, with the first support at around 2277.

Above 2380, more advance will be expected with resistance at 2405-10.

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

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