Gold – 07.06.2024
Gold headed for a significant decline on news that China stopped buying any of the precious metal last month. The market still faces an intraday support zone at 2315-20, with a rebound expected. Below 2315, more of a drop could hit the market, with support around 2277. SUPPORT RESISTANCE LEVEL1 2315-20 2355 LEVEL2 2300 […] The post Gold – 07.06.2024 appeared first on Orbex Forex Trading Blog.
Gold headed for a significant decline on news that China stopped buying any of the precious metal last month.
The market still faces an intraday support zone at 2315-20, with a rebound expected.
Below 2315, more of a drop could hit the market, with support around 2277.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2315-20 | 2355 |
| LEVEL2 | 2300 | 2385 |
| LEVEL3 | 2277 | 2410 |
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The post Gold – 07.06.2024 appeared first on Orbex Forex Trading Blog.
