Forex Trading Library

Gold – 08.10.2024

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Gold appears to be forming a triangle pattern, with resistance around 2675-77 and support around 2622-25 creating a trading zone.

A breakout above 2677 may lead to further gains, with resistance at 2685 and 2700.

Conversely, a drop below 2622 could see prices fall toward 2606.

SUPPORT RESISTANCE
LEVEL1 2622-25 2645-50
LEVEL2 2605 2660
LEVEL3 2570 2675-77

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