Intraday levels show Gold in an uptrend channel which could be the correction phase before another drop toward 4600 and below.
However, and as we see over the Intraday chart, market support is at 4974, with resistance at 5035 could create a trading zone.
Below 4974 more of a drop will be expected with support at 4878.
Above 5035 more advance towards 5120 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4974 | 5035 |
| LEVEL2 | 4935 | 5120 |
| LEVEL3 | 4878 | 5190 |
