Gold managed to pass above the first resistance at 4035 and is closing towards the second resistance zone at 4075-90.
As we see over the chart, a trading zone is likely here between support 4020-30 and resistance 4075-90.
Below 4020 more of a drop is likely, while supports at 3976 and 3942 are likely to lead to a rebound.
Above 4090 more advance toward 4145-55 is likely.
| SUPPORT | RESISTANCE | |
|---|---|---|
| LEVEL1 | 4020-30 | 4075-90 |
| LEVEL2 | 3976 | 4145-55 |
| LEVEL3 | 3942 | 4200 |