Forex Trading Library

Gold – 08.07.2024

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Gold managed to meet the target of 2387 and higher last Friday.

On the Intraday chart, Gold managed to correct, and faces supports around 2368 and 2345-50.

If the market holds above one of those supports, another advance wave toward the 2415-30 zone will be expected.

Below 2345, more of a drop toward 2300 is likely.

SUPPORT RESISTANCE
LEVEL1 2368 2387
LEVEL2 2345-50 2415-30
LEVEL3 2300 2450

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