Forex Trading Library

Gold – 11.07.2024

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Gold managed again to rebound toward the 2387 resistance zone as we projected.
As we see on the chart, the market is facing the Intraday support zone around 2365-68, where as long as prices hold above, an advance wave toward the second target of 2415-30 will be expected.
Below 2365 more of a drop could hit the market with the second support at 2350.
Below 2350, more of a drop toward 2315-18 and maybe lower could hit the market.

LEVEL1 2365-68 2395
LEVEL2 2350 2415-30
LEVEL3 2315-18 2450

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