Forex Trading Library

Gold – 11.12.2024

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Gold managed to break above 2655 and advanced toward the targets of 2675 and 2688. Prices are now closing to a third target to the resistance zone 2710-20.

As we see over the chart and as long as prices remain below, 2710-20 a chance for correction could happen with the support zone at 2652-65.

Above 2720 more advance toward 2744-50 zone could hit the market.

SUPPORT RESISTANCE
LEVEL1 2675 2710-20
LEVEL2 2652 2744-50
LEVEL3 2635 2790

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