Forex Trading Library

Gold – 16.10.2024

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Gold advances above 2666 and printed a high of 2682.60 so far, closing to the target 2685.

As we see over the chart, the market could head for a trading zone between the support 2658 and resistance 2685.

First Intraday support is at 2673.

Above 2685 more advance toward 2700 could hit the market.

Below 2658 more of a drop to re-test the 2636-43 support zone is likely.

SUPPORT RESISTANCE
LEVEL1 2673 2685
LEVEL2 2658 2700
LEVEL3 2636-43 2725

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