Gold added more of a drop yesterday as the market managed to hold above 4306 so far.
As we see over the Intraday chart, a potential Head & Shoulder reversal is under construction which could lead to a rebound towards the 4480-90 resistance.
Above 4490 more advance will be expected with resistances at 4545 and 4600-10.
Below 4350 more of a drop could hit the market as the previous support at 4306 could activate another advance.
Below 4306 more of a drop will be expected toward 4100.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4400 | 4480-90 |
| LEVEL2 | 4350 | 4545 |
| LEVEL3 | 4306 | 4600-10 |