Gold held below the resistance of 5035 and managed to fell below the support 4974 and print a low around 4922 so far.
As we see over the chart, the intraday levels and downtrend pressure remains ongoing as long as the market holds below 5000.
The first resistance is at 4970.
Prices will face supports at 4878 which could give the chance for a rebound.
Below 4878 more of a drop towards 4800 and 4700 will be expected.
Above 5000, the market could start to show some strength for an advance with resistances at 5045 and 5085.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4922 | 4970 |
| LEVEL2 | 4878 | 5000 |
| LEVEL3 | 4800 | 5045 |
