Gold added more of a drop this week while managing to test the downtrend channel support around 4100.
As we see over the chart, the market is facing a trading zone between resistance 4535 and support 4100.
Below 4100, more of a drop could hit the market as the support at 3885 could keep the chance for another major advance wave.
Below 3885 more of a drop toward 3500 is expected.
Above 4535 more advance toward resistance 4735 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4300 | 4535 |
| LEVEL2 | 4222 | 4735 |
| LEVEL3 | 4100 | 5200 |