Gold managed to drop toward 2440 as we stated a few days ago.
As we see on the chart, the market still faces the 2475-95 resistance zone which could push for another correction toward the 2430-40 support zone, before the market advances again.
Above 2495 prices could initiate a new uptrend wave toward 2575.
Below 2430 more of a drop could hit the market to re-test the 2380-85 support zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2430-40 | 2475-95 |
| LEVEL2 | 2380-85 | 2535 |
| LEVEL3 | 2350 | 2575 |
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The post Gold – 16.08.2024 appeared first on Orbex Forex Trading Blog.
