Gold opened with a gap lower as tensions returned to the middle east which pushed Oil prices higher.
As we see from the chart, the market is facing resistance around 4740-60 where as long as the market holds below it, a drop inside this trading zone towards 4554 could control the market.
Above 4760 more advance could hit the market with resistances at 4800 and 4860.
Below 4554 more of a drop will be expected with support at 4306.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4650 | 4740-60 |
| LEVEL2 | 4554 | 4800 |
| LEVEL3 | 4480 | 4860 |