Gold managed to met the target at 3945-50 and broke higher as prices closed from the second target and resistance of 3980-85.
As we see over the chart, the market is now facing the support zone around 3945-50, whereas long as prices remain above it, more advance toward 4000 and above will be expected.
Below 3945 more of a drop will be expected with supports around 3920 and 3890, where each one of those supports have the chance to re-activate the advance wave again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3945-50 | 3985 |
| LEVEL2 | 3920 | 4000 |
| LEVEL3 | 3890 | 4050 |
Test your trading strategy on forex and stocks with Orbex
The post Gold Analysis 10-07-2025 appeared first on Orbex Forex Trading Blog.