Gold is still searching for support as the market is still holding above medium term support 3886.
As we see from the Intraday chart, the market is facing a trading zone between support 3930-60 and resistance 4020-40.
Above 4040, a chance for more rebound towards 4100 and 4200 could hit the market.
Below 3960, further pressure is likely with the next target at the support 3886.
Below 3886, more of a drop towards 3475 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3960-80 | 4100 |
| LEVEL2 | 3886 | 4220-45 |
| LEVEL3 | 3700 | 4300 |
