Gold broke above key resistance at 4680, signaling a potential advance toward the 4765-95 range.
Gold managed to pass above the resistance of 4680 which could lead to a further advance towards target 4765-95.
As we see over the chart, the market is facing support around 4590-4630 which could keep the advance movement towards the resistance 4890.
Below 4590 more of a drop will be expected.
Above 4890 more advance toward 5000 will be expected.
SUPPORT | RESISTANCE | |
LEVEL1 | 4660 | 4775 |
LEVEL2 | 4590 | 4890 |
LEVEL3 | 4510 | 5000 |
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