Forex Trading Library

Gold – 05.06.2024

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As mentioned earlier in the week, Gold retested the support zone of 2315-20. The market is still within our trading zone, which could keep prices consolidating between the 2315 support and the 2350-55 resistance.

Below 2315, more of a drop will be expected with supports at 2300 and 2277.

Above 2355, more of an advance towards 2380 is likely.

SUPPORT RESISTANCE
LEVEL1 2315 2350-55
LEVEL2 2300 2380
LEVEL3 2277 2405-10

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