Gold tested the support trend yesterday and managed to hold above 2469.
As we see on the Intraday chart, the market is now testing the resistance zone of 2500-05 which could cause a correction, before moving back to advance again toward the targets of 2535 and 2555.
Below 2468, more of a drop toward 2430-40 will be expected.
Above 2505, the market could sustain this advance movement toward 2535.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2495-99 | 2535 |
| LEVEL2 | 2469-79 | 2555 |
| LEVEL3 | 2430-40 | 2575 |
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The post Gold – 23.08.2024 appeared first on Orbex Forex Trading Blog.
