Gold failed to obtain a daily close above the major trend resistance zone at 4840-60.
As we see from the chart, the market is still facing some pressure towards the 4640-60 zone.
A daily close above 4860-80 could initiate a new uptrend wave towards 5000 and 5200.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4755 | 4825-35 |
| LEVEL2 | 4730 | 4855 |
| LEVEL3 | 4700 | 4888 |