Gold managed to fall below the support of 2590 and managed to sustain a drop toward 2545-50 and below.
As we see over the chart, the market is facing a daily support around 2554 while Intraday support is around 2536.
If prices remain above 2554, a rebound correction toward 2620-30 zone will be expected.
The market managed so far to rebound toward 2596 while Intraday resistance starts from 2602.
Below 2536, the market could hit a drop toward 2471.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2575 | 2602 |
| LEVEL2 | 2554 | 2628 |
| LEVEL3 | 2536 | 2643 |