Forex Trading Library

Gold – 05.07.2024

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As projected yesterday and as seen on our previous chart, Gold hit the target at the 2353-56 zone.

Prices are facing the support around the 2345-50 zone, where as long as the market holds above it, a chance for an advance could hit the market with resistance at 2387.

Above 2387, more of a move toward 2415-30 will be expected.

Below 2345, more of a drop toward the 2315-18 zone could hit the market.

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

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