Gold managed to test the support trend for the downtrend channel closing from 2350 yesterday and managed to hit a rebound correction.
Intraday levels show the first resistance around 2381-88 where as long as market holds below, another drop toward 2350 will be expected.
Above 2388 more advance to test 2410-15 resistance is expected.
Below 2350 more of a drop toward 2300-05 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2350 | 2381-88 |
| LEVEL2 | 2300-05 | 2410-15 |
| LEVEL3 | 2277 | 2435 |
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