Forex Trading Library

Gold–29.08.2025

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Gold managed to sustain an advance towards 3408 and above to close from the resistance of 3425 yesterday.
As we see over the Intraday chart, the market is facing support around 3397-405 which could keep the chance for another advance to test resistance zone at 3425-35, which in turn could push for a correction.
Below 3397 more of a drop could hit the market with supports at 3384 and 3350-52.
Above 3435 the market could enter a new advance wave with resistances at 3452 and 3500.

SUPPORT RESISTANCE
LEVEL1 3397-405 3425-35
LEVEL2 3384 3452
LEVEL3 3350-52 3500
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