
Gold hit another advance toward 3397 closing from our target of 3400-05.
As we see over the Intraday chart, the market is facing an uptrend channel between support 3358-62 and resistance 3400-05.
Above 3405 more advance will be expected with resistances around 3438 and 3455.
Below 3358 more of a drop could hit the market with support around 3335 which could activate the advance again.
SUPPORT | RESISTANCE | |
LEVEL1 | 3358-62 | 3400-05 |
LEVEL2 | 3335 | 3438 |
LEVEL3 | 3310-15 | 3455 |
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