As we see over the Intraday chart, Gold faces a downtrend resistance line around 2652-55, which could keep the pressure on toward the support zone of 2605-10.
Above 2655 more advance will be expected with resistances at 2675 and 2688.
Below 2605 more of a drop toward 2570-75 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2625 | 2652-55 |
| LEVEL2 | 2605 | 2675 |
| LEVEL3 | 2570-75 | 2688 |
Join our responsible trading community - Open your Orbex account now!