Gold broke above 2950-55 last week advanced toward the target 2980 and above.
As we see over the Intraday chart, the market is facing resistance around 3005, where as long as prices hold below it, a chance for a drop correction toward 2970-75 could hit the market.
Below 2970 more of a drop toward 2930-35 is likely.
Above 3005 more advance toward 3025 and maybe higher is probable.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2990 | 3005 |
| LEVEL2 | 2970-75 | 3025 |
| LEVEL3 | 2930-35 | 3045 |
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