Forex Trading Library

Gold – 06.06.2024

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Gold broke above the 2355 resistance zone, pushing the market higher towards 2374.

As mentioned before and seen on the chart, the market could sustain this advance movement toward 2380 and higher.

Prices are facing support around 2348-50 and should prices break below this area, the market could head for more of a drop to re-test the support at 2315-20.

 

SUPPORT RESISTANCE
LEVEL1 2348-50 2380
LEVEL2 2315-20 2405-10
LEVEL3 2300 2430

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