Gold has resumed its decline toward targets at 4360 and 4306, with the potential for further losses.
As shown on the chart, gold tested the lower boundary of the downtrend channel around 4265–4285, which could trigger a corrective rebound toward 4368 and 4425, and potentially higher.
A break below 4240 could accelerate the decline toward support at 4100.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4265-85 | 4368 |
| LEVEL2 | 4240 | 4425 |
| LEVEL3 | 4100 | 4515 |
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
