Gold holds below 4100 while maintaining the drop pressure over the market.
As we see from the chart, prices face support around 3940-45 with resistances at 4017 and 4050-60 which could hold a trading zone.
Below 3940 more of a drop could hit the market as medium term support remains at 3886, which still protects the advance wave.
Above 4060 more advance toward 4100 and 4200 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3940-45 | 4017 |
| LEVEL2 | 3886 | 4050-60 |
| LEVEL3 | 3700 | 4102 |