Gold held within our uptrend channel while meeting the target of the 3930-50 zone early today.
As we see on the Intraday chart, the market is facing a resistance zone around 3945-50, while the first support lies at 3900, which could create a trading zone here.
Above 3950, more advances toward 3980-85 could hit the market.
Below 3900, more of a drop is likely to test the support zone of 3865-80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3900 | 3945-50 |
| LEVEL2 | 3865-80 | 3980-85 |
| LEVEL3 | 3820 | 4000 |
