Gold – 04.07.2024
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.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2345-50 | 2367 |
| LEVEL2 | 2315-18 | 2387 |
| LEVEL3 | 2295 | 2415-30 |
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