Gold managed to retreat from major resistance zone 1242 as we advised earlier this weak
As long as market holding below 1245 another drop wave will be expected toward 1170-80 zone, as we advised before
Intraday day showing support level at 1220 where as long as market holding above a chance for another advance toward 1235 and 1242 will be available
Below 1220 more drop will be expected toward 1170-80 zone
| Support | Resistance | |
| Level 1 | 1220 | 1232-35 |
| Level 2 | 1200 | 1245 |
| Level 3 | 1180 | 1260 |