Gold hit another correction yesterday but managed to remain above the support of 4004.
As we see over the chart, the market still faces the main resistance zone at 4160-90, where as long as gold remains below it, the downtrend pressure could sustain for another drop swing towards the 4004-20 zone.
Below 4004 more of a drop toward 3945-65 will be expected.
Above 4190 the market could restore the advance signals towards 4275 and 4370-80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4065 | 4160-90 |
| LEVEL2 | 4004 | 4275 |
| LEVEL3 | 3945-65 | 4370-80 |
