Gold–16.04.2025
Gold managed to break above the resistance of 3233 and advanced toward the target of 3260-65 and activated an advance rally toward 3317 so far.
As we see over the chart and as long as the market holds above the first support of 3285 the advance rally could sustain toward 3360 and 3400.
Below 3285 more of a drop could hit the market whilst the second support at 3245-55 could keep the chance for the advance rally to move back toward the targets.
Below 3245 more of a drop will be expected with support zone at 3187-97.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3285 | 3317 |
| LEVEL2 | 3245-55 | 3335 |
| LEVEL3 | 3187-97 | 3360 |
Join our responsible trading community - Open your Orbex account now!

