Gold broke above the resistance 2532 and met the target 2555.
The 2575 area could push for a drop as the market is trading on the overbought zone with Intraday supports at 2560 and 2540.
Short term outlooks set the support zone at 2530-32. If prices remain above, then another advance wave toward 2635 will be expected.
Above 2575 the market could sustain this advance on the overbought zone toward 2600 and 2635 while caution is needed.
SUPPORT | RESISTANCE | |
LEVEL1 | 2560 | 2575 |
LEVEL2 | 2540 | 2600 |
LEVEL3 | 2530 | 2635 |
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