Gold managed to hit a correction toward 5122 and dropped further towards 5094 before the market rebounded.
We still see the advance wave ongoing as long as the market holds above 5094-5122 where the target is toward 5400-50.
First Intraday support is at 5166.
Below 5094 more of a drop will be expected towards the 4975-5000 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 5166 | 5195 |
| LEVEL2 | 5094-5122 | 5250 |
| LEVEL3 | 4975-5000 | 5400-50 |
