Forex Trading Library

Gold–08.05.2025

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Gold broke above the resistance of 3388 two days ago to meet the target of 3425.

As we see over the Intraday chart, the market is facing resistance around 3415-25 which could push again for another drop to test 3350-60.

Above 3425 more advance toward 3465 is likely.

Below 3350 more of a drop toward 3305 will be expected.

SUPPORT RESISTANCE
LEVEL1 3379 3415-25
LEVEL2 3350-60 3465
LEVEL3 3323 3500

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