Gold Intraday indicators show the chance for another drop which could hit the market as long as prices hold below the resistance of 5205.
Price action will face supports at 5160 and 5110 which could lead to a rebound.
Below 5094 more of a drop towards 5020-40 will be expected.
Above 5205 more advance is likely as resistance at 5250 could cause another correction.
Above 5250 more advance towards 5320 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 5160 | 5205 |
| LEVEL2 | 5094 | 5250 |
| LEVEL3 | 5020-40 | 5320 |
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