
Gold managed early today to hit 3245 while the market managed to push for a rebound correction toward 3296.
As we see over the Intraday chart, prices still face resistance around 3301, where as long as the market holds below it, the downtrend pressure could sustain for a further drop wave toward 3200-10.
Above 3301 more advance to re-test the 3335-50 resistance zone is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 3275 | 3301 |
LEVEL2 | 3245 | 3335-50 |
LEVEL3 | 3200-10 | 3395 |
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