Gold met the target of 2980-90 yesterday and managed to hit a rebound correction so far toward 3015.
As we see over the chart, the market is facing the first Intraday resistance around 3030, where as long as prices remain below it the downtrend pressure could sustain for another drop swing toward 2952 and below.
Above 3055 could be a sign of farther advance later toward 3100.
SUPPORT | RESISTANCE | |
LEVEL1 | 2990 | 3030 |
LEVEL2 | 2972-78 | 3055 |
LEVEL3 | 2952 | 3110 |
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