Gold managed to fell below the trend support of 264. As we see over the chart, there is still a chance for a further drop to test the 2622 support which in turn could activate another advance.
However, the intraday indicators are starting to show that market has hit a bottom.
As we see over the chart, prices face an intraday resistance around 2655-65. If prices remain below it, another dip toward 2622 is likely.
Above 2665 the market could gain more strength for an advance toward the 2692-95 zone.
Below 2620 more of a drop will be expected with support around 2605.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2632 | 2655-65 |
| LEVEL2 | 2622 | 2692-95 |
| LEVEL3 | 2605 | 2725-30 |
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