Gold – 01.11.2024

Gold – 01.11.2024

Gold managed to find support around 2731 yesterday, while the advance wave is still ongoing.

As we see over the chart, the market is facing a support zone inside 2730-40. If prices remain above it, the rebound movement could expand toward 2770 and 2790.

Below 2730 more of a drop toward 2710-20 will be expected which in turn could activate another advance movement.

 

SUPPORT RESISTANCE
LEVEL1 2730-40 2758
LEVEL2 2710-20 2770
LEVEL3 2680-85 2790

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