Resistance - $1320.67, $1328, $1335.33
Support - $1310, $1303, $1297.52
Support - $1310, $1303, $1297.52
- Gold’s rebound from the low of $1312 followed by a move above daily 5-MA has kept the doors open for a break above $1320.67 (23.6% of May low – June high).
- Such a move would open doors for a test of expanding channel resistance seen at $1328 levels.
- On the lower side, a break below $1310 would open doors for $1303-$1297.52 (38.2% of May low – June high).
