
Gold managed to hold below the resistance of 3375-80 yesterday and dropped toward 3320 so far.
As we see over the Intraday chart, the market is facing resistance around 3345-52, where as long as prices keep below it, the drop pressure could sustain towards 3305-15 which in turn could activate a rebound movement.
Above 3352 more advance could hit the market to re-test the 3375-80 resistance zone.
SUPPORT | RESISTANCE | |
LEVEL1 | 3320 | 3345-52 |
LEVEL2 | 3300-05 | 3375-80 |
LEVEL3 | 3282 | 3395 |
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