Forex Trading Library

Gold – 10.07.2024

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As we predicted earlier this week and as we see on our previous chart, two days ago, Gold managed to break below the 2368 support.
There was also a drop toward the target and support level of 2350 which managed again to push for rebound toward the 2368 resistance and higher.
On the chart, we still expect the advance wave to go for a higher movement toward the 2415-30 zone.
Below 2350 more of a drop toward 2315-18 and 2300 could hit the market.

LEVEL1 2365 2380
LEVEL2 2350 2395
LEVEL3 2315-18 2415-30

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