Gold managed again to rebound toward the 2387 resistance zone as we projected.
As we see on the chart, the market is facing the Intraday support zone around 2365-68, where as long as prices hold above, an advance wave toward the second target of 2415-30 will be expected.
Below 2365 more of a drop could hit the market with the second support at 2350.
Below 2350, more of a drop toward 2315-18 and maybe lower could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2365-68 | 2395 |
| LEVEL2 | 2350 | 2415-30 |
| LEVEL3 | 2315-18 | 2450 |
|
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