Gold broke above the 2475-95 resistance last week and hit a 2510 high so far.
As we see on the chart, the market is facing a support zone around 2469-79. If prices remain above this zone then the rally will sustain with resistance around 2510 and 2535.
Below 2469 more of a drop will be expected with support around 2430-40 which could re-activate the advance wave again toward 2510.
Below 2430 more of a drop toward 2380-85 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2469-79 | 2510 |
| LEVEL2 | 2430-40 | 2535 |
| LEVEL3 | 2380-85 | 2575 |
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The post Gold – 19.08.2024 appeared first on Orbex Forex Trading Blog.
