Gold's Resilience After a $100 Decrease
After experiencing a $100 decrease in just one day, gold navigated through the first two trading sessions of the week relatively calmly. The initial resistance level able to withstand price action is at 2320. Beyond this point, attention should be given to the subsequent levels of 2330 and 2355 for potential upward movements. On the downside, the primary support level stands at 2307. Should the price fall below this level, the next levels to observe are 2280 and 2260.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2355 |
2330 |
2320 |
2307 |
2280 |
2260 |