Gold managed so far to maintain strength over the market to close in from a record of 2790.
As we see over the chart, the market is facing a support zone around 2730-40, and second one at 2710-20. If prices hold above one of those supports, an advance wave could sustain for another try to break above 2790 and to expand the uptrend wave toward 2840.
Below 2710 the market could enter new drop wave.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2730-40 | 2790 |
| LEVEL2 | 2710-20 | 2810 |
| LEVEL3 | 2690 | 2840 |
Join our responsible trading community - Open your Orbex account now!
