Gold managed to hold below the resistance at 5227 and earlier today dropped towards the support zone at 4994-5025.
As we see over the chart and as long as the market remains above the support of 4994-5025, another advance to attack the resistance zone at 5206-27 will be expected.
Above 5227 more advance towards 5300 and 5380 will be expected.
Below 4994 more of drop toward 4900 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 5055-75 | 5135 |
| LEVEL2 | 4994 | 5206-27 |
| LEVEL3 | 4900 | 5300 |