Gold managed to find support around 2731 yesterday, while the advance wave is still ongoing.
As we see over the chart, the market is facing a support zone inside 2730-40. If prices remain above it, the rebound movement could expand toward 2770 and 2790.
Below 2730 more of a drop toward 2710-20 will be expected which in turn could activate another advance movement.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2730-40 | 2758 |
| LEVEL2 | 2710-20 | 2770 |
| LEVEL3 | 2680-85 | 2790 |
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The post Gold – 01.11.2024 appeared first on Orbex Forex Trading Blog.
