Gold hit the target of 5060.
As we see from the Intraday chart, the market is facing resistance around 5125-35, where as long as prices hold below it, another drop will be expected as support at 5030-40 could keep the chance for another advance.
Below 5030 more of a drop is likely with another support at 4996.
Below 4996 more of a drop toward 4960 is expected.
Above 5135 more advance will be expected with resistance at 5191.
Above 5191 more advance is likely toward 5260-70.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 5030-40 | 5125-35 |
| LEVEL2 | 4996 | 5191 |
| LEVEL3 | 4960 | 5260-70 |
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