Gold corrected yesterday to print a new low around 4303.
The market still holds above the main short-term support zone at 4235-45. If prices remain above the said area, then the advance wave could still progress towards 4600.
The Intraday levels show support at 4345-48 and 4300-05, which could test the 4405-10 resistance trend line, which could then lead to a correction.
Above 4410 more advance will be expected.
Below 4300 more of a drop is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4345-48 | 4405-10 |
| LEVEL2 | 4300-05 | 4430 |
| LEVEL3 | 4235-45 | 4485 |
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