Forex Trading Library

Gold – 04.07.2024

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Gold managed to hit the target of 2353-56 yesterday.

As we see on the Intraday chart, the market is facing support around the 2345-50 zone. If prices remain above it, then there is a chance for a further advance with resistance at 2387.

If the market stays below 2387, another drop wave could hit the market.

Above 2387, more of an advance toward the 2415-30 zone will be expected.

Below 2345, more of a drop toward the 2315-18 zone is likely.

LEVEL1 2345-50 2367
LEVEL2 2315-18 2387
LEVEL3 2295 2415-30

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