Gold resumed the rally after the US Treasury announced last week of doubling the amount of purchasing long-term bonds.
As we see over the Intraday chart, the market is facing several supports that can send the metal towards the 4775 level.
A breach of each support could expand the drop towards the next support before advancing back again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4595 | 4655 |
| LEVEL2 | 4525 | 4710 |
| LEVEL3 | 4450 | 4775 |