Gold managed to drop toward 5145 but held above the uptrend line.
Gold managed to drop toward 5145 but held above the uptrend line.
We still see the advance wave ongoing as long as the market holds above 5094-5122 where the target is toward 5400-50.
First Intraday support is at 5145.
Below 5094 more of a drop will be expected towards the 4975-5000 zone.
SUPPORT | RESISTANCE | |
LEVEL1 | 5145 | 5215 |
LEVEL2 | 5094 | 5250 |
LEVEL3 | 5000 | 5320 |
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