
Gold advanced toward the first target at 3640-45 while the advance toward the second target at 3675-80 is still valid with some caution.
As we see over the Intraday chart and as long as the market holds below 3660, a chance for a correction toward 3628-36 could hit the market, which in turn could push for an advance towards the second target of 3675-80.
Above 3660 more advance toward 3675-80 will be expected.
Below 3628 more of a drop is expected with supports at 3618 and 3600, and one of those supports could push for a rebound.
The market could begin to trade inside an over bought zone with key Inflation data in the US economy this week.
SUPPORT | RESISTANCE | |
LEVEL1 | 3628-36 | 3660 |
LEVEL2 | 3618 | 3675-80 |
LEVEL3 | 3600 | 3715 |
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