Gold – 07.08.2025

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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