Forex Trading Library

Gold – 07.06.2024

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Gold headed for a significant decline on news that China stopped buying any of the precious metal last month.

The market still faces an intraday support zone at 2315-20, with a rebound expected.

Below 2315, more of a drop could hit the market, with support around 2277.

 

SUPPORT RESISTANCE
LEVEL1 2315-20 2355
LEVEL2 2300 2385
LEVEL3 2277 2410

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