Gold managed to break above the resistance of 4020-40 last Friday to march towards the first target at 4100.
As we see over the chart, prices now face support at 4020-40 which could lead for a further advance towards 4200.
Below 4020, the drop pressure could return while the medium term support at 3886 still gives the chance for another rebound.
Below 3886, more of a drop towards 3475 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4020-40 | 4100 |
| LEVEL2 | 3960 | 4200 |
| LEVEL3 | 3886 | 4275 |
