Forex Trading Library

Gold –13.12.2024

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Despite the few dollars that the market managed to hit above the resistance of 2725 yesterday, prices dropped and are now testing the target and support zone of 2652-65.

As we see over the chart and as long as the market holds above this support, another advance wave toward 2725 and above will be expected.

Below 2652 more of a drop toward 2620-22 and 2605-10 will be expected.

SUPPORT RESISTANCE
LEVEL1 2652-65 2692-95
LEVEL2 2620-22 2720-25
LEVEL3 2605 2744-50

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