Gold hit the target of 4480-90 last Friday.
As we see over the Intraday chart, prices face an uptrend channel with support at 4420 and resistance at 4600-10 which could hold prices inside.
Above 4610 more advance toward 4700-35 will be expected.
Below 4420, prices could add more of a drop with support at 4306 still protecting the advance wave to return.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4478 | 4600-10 |
| LEVEL2 | 4420 | 4700-35 |
| LEVEL3 | 4306 | 4840 |