Forex Trading Library

Gold–04.02.2025

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Gold sustained an advance wave as prices remained above 2765.
As we see over the chart, Gold faces a resistance trend which managed to test yesterday around 2830, while the main resistance is at 2840-45 which could keep the chance for another drop swing toward the 2770-80 support zone.
A daily close above 2845 could activate an advance toward 2885.
Below 2770 more of a drop could hit the market with support around 2730-40.

SUPPORT RESISTANCE
LEVEL1 2807 2840-45
LEVEL2 2793 2865
LEVEL3 2770 2885

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