As we advised before and as we see over our previous chart
Gold managed yesterday and today to test our support zone 1236-41 before market rebound toward Intraday resistance 1248
As long as market keep trading above this support a chance for a rebound correction toward 1280-85 and 1302-05 may hitthe market
Below 1236 Gold may enter new downtrend wave that may reach 1110 zone
| Support | Resistance | |
| Level 1 | 1236 | 1255 |
| Level 2 | 1220 | 1263 |
| Level 3 | 1180 | 1273 |
