Gold managed to hit a rebound toward 4341 to close from the target and resistance zone of 4350-70.
As we see over the chart, the market still holds inside a Falling Wedge formation with support at 4250-60 and resistance at 4350-70.
Intraday support is at 4305.
Above 4370 more advance will be expected with resistances at 4440-50 and 4510.
Below 4250 more of a drop is likely with supports at 4200-20 and 4165.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4305 | 4350-70 |
| LEVEL2 | 4250 | 4440-50 |
| LEVEL3 | 4200-20 | 4510 |
