
Gold corrected as expected over the last few days and managed to hit the targets 3279 and 3250.
As we see over the Intraday chart, the market is facing support around 3279 where as long as prices hold above it, a rebound correction toward 3330-40 could hit the market.
Above 3340 more advance will be expected with resistance around 3365.
Below 3279 more of a drop to re-test 3250 is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 3279 | 3330-40 |
LEVEL2 | 3250 | 3365 |
LEVEL3 | 3205 | 3395 |
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