Gold–08.08.2025

As we advised yesterday and as we see over our previous chart

Gold managed to hit another advance toward target 3400-05

As we see over the Intraday chart, market facing uptrend channel between support 3358-62 and resistance 3400-05 which may keep trades inside it

Above 3408 more advance will be expected with resistances around 3438 and 3455

Below 3358 more drop may hit the market with support around 3335 which may activate the advance again

 

SUPPORT RESISTANCE
LEVEL1 3358-62 3405
LEVEL2 3335 3438
LEVEL3 3310-15 3455

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