Forex Trading Library

Gold –19.12.2024

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Gold managed to hold trades below 2655 and dropped further toward 2622 and below.

As we see over the chart, Intraday levels show resistance around 2625. If prices remain below it, then the chance for another drop toward 2570-75 is still on hand which in turn could activate a rebound correction movement.

Above 2625 will be the first strength sign of more advance toward 2660.

SUPPORT RESISTANCE
LEVEL1 2593 2625
LEVEL2 2570-75 2660
LEVEL3 2536 2692-95

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