Gold collapsed towards the target at 4525-50 after Warsh’s speech to expand the drop towards the second target at 4450.
As we see from the Intraday chart, prices will face support zones at 4380-90 and 4310-40 where each level can push for a rebound.
The resistance zone at 4470-90 will keep the downtrend pressure over the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4380-90 | 4470-90 |
| LEVEL2 | 4310-40 | 4565 |
| LEVEL3 | 4200-20 | 4625 |