Gold managed to meet the 4820-60 target zone and dropped towards the support of 4700.
As we see from the chart, Intraday support is at 4700 while the target and resistance is at 4920-50 which could hold this uptrend channel.
Below 4700 more of a drop is expected with support at 4650 could lead to an advance again.
Below 4650, more of a drop will be expected while support at 4554 could push for a rebound.
Above 4950 more advance toward 5200 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4700 | 4860 |
| LEVEL2 | 4650 | 4920-50 |
| LEVEL3 | 4554 | 5045 |
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